It is curious to see how, on the European periphery, there is still a belief that our states retain their status as public entities. As sovereign countries with decision-making power over all their state affairs, just like any other nation in the world. For example, that, as the independent states we are, we continue to determine our own economic, fiscal and monetary policies, as well as our labour, social and economic policies in general. That we are and will remain sovereign countries, whatever happens to our economies. Whether poorer or richer, whether banana republics or prosperous countries aspiring to join the G20 (sic), we are always masters of our own destiny. We are mistaken. (more…)
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La rima es fácil. Pero no existe ninguna animadversión hacia ese pueblo, ni mucho menos, ya que lo ocurrido en Chipre sería comparable con lo acontecido en el resto de la periferia del sur de la Eurozona. Las circunstancias y las rimas de un griego, italiano, español o portugués son distintas, pero los paralelismos son innegables, e 
Below is a link to our latest article, published as 
When situations seem destined to lead to bipolar outcomes, reality surprises us with balanced resolutions that are often unexpected. Experience usually shows us that solutions are rarely black and white, but rather shades of grey. They are probably less daring but perhaps also more widely accepted, more popular – for better or for worse. The same could happen in the resolution of the Eurozone crisis, where the peripheral economies can no longer coexist with those of the German-led bloc without causing each other real harm. 
A friend of mine told me about the ‘beer border’ or ‘beer line’, referring to the imaginary boundary that separates creditor Europe – rich and productive – from debtor Europe – insolvent and in recession. In other words, the coincidences – or perhaps not – of life, and Hollande’s victory in France, have meant that the Eurozone is now divided into the rich countries, which usually consume and produce beer, and the poor countries, which have traditionally favoured – and continue to favour – wine. Two very distinct cultures and, probably, two very different ways of viewing and living life as well.