The Greek crisis has finally left Greece to spread to bigger European economies. Italy is under enormous pressure in capital markets, and France's AAA credit rating hangs in the balance.
How did we get to this point? What should Australia expect from the European debt crisis? And are there any good ways back from the abyss for Europe?
CIS research fellow Dr Oliver Marc Hartwich has become Australia's most prominent commentator on European affairs. As early as February 2010, he predicted that the Greek virus would spread to Italy, and he has been critical of the EU's crisis management. Dr Hartwich gives his assessment of the state of the Euro crisis... if the Euro survives until then, that is.
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