Two historical summits are taking place this week: the crisis talk in France and Germany about the Greek crisis and the simultaneous meeting of the BRICS and Shanghai Cooperation Organization (SCO) countries in Ufa, Russia. These two meetings could hardly be more different.
The Eurobureaucrats are scrambling to prevent a domino effect in which Greece would leave the Eurozone and set a precedent for other Mediterranean countries such as Italy, Spain or even France. But there is really much more at stake here than the comparatively small Greek debts, the solvency of European banks or even the future of the Euro. What is really at stake is the credibility and future of the entire “Euro project” and thus the future of the oligarchy which created it.
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