The EU was created to expand democracy, boost economic growth, and contain Germany within a democratic whole. Instead, it is destroying democracy, crushing growth, and leaving Germany's most churlish impulses to rule Europe. Before it is over, one of history's noblest experiments in enlightened statecraft could end in ruins.
After a grueling 17-hour negotiating session in Brussels, a last-minute deal was finally reached between Greek Prime Minister Alexis Tsipras and his euro zone creditors. At least for now, it averts a Greek exit from the euro and halts the European Union's most serious existential crisis. However, the agreement marks only the end of one chapter in this unfolding saga.
The Greek debt crisis is a collision of two seemingly incompatible necessities. One is to put the Greek economy into a position for long term health; the other is to keep it from expiring in the short term. If these are to be reconciled, the players in Europe need to think outside the box, rather than retreat into bluster, blame, and the repetition of old positions.