Greece debt crisis: Eurozone bailout deal comes with a cost
Greece and its European creditors may have finally sealed a bailout deal this week -- but there was hardly jubilation on the streets of Athens.
Thousands protested - most peacefully - though there were sporadic clashes with police. To those on the street, and many other Greeks, the bargain with Europe was a capitulation. But with Greek banks closed now for almost 3 full weeks, many feel their government had no choice but to accept a set of debilitating and humiliating austerity measures that they'd roundly rejected in a referendum.
Those protesters are not the only ones wary of what's happened this week. Across Europe and beyond, people are wondering what the ultimate cost will be.
From its founding, the European Union has been an economic entity with a political mission. And Elena Pnevmonidou thinks the EU is facing a crucial moment when it comes to how to balance those two missions.
Elena Pnevmonidou is an assistant professor of Germanic Studies at the University of Victoria.
This segment was produced by The Current's Kristin Nelson and Marc Apollinio.
♦ Germany's Tone Grows Sharper in Greek Debt Crisis - New York Times
♦ Dr. Schaeuble's Master Plan - Frances Coppola, Forbes
♦ The IMF Says The Greek Deal Is Not Viable - Frances Coppola, Forbes
♦ The Problematic Legacy of European Integration - Elena Pnevmonidou