Thomas Colignatus

Economic policy makers currently are like doctors who cannot find the right diagnosis because the knowledge has been suppressed.

Geert Wilders has an agenda against a «tsunami of islamism», throwing Greece out of the eurozone and maintaining various national arrangements behind the dykes.

The EU is in a pressure cooker with interest rates that suffer from stigma, i.e. irrational fears of default that become rational and self-fulfilling because the higher rates of interest imply a reward.

If Monti and Papademos have some flexibility of mind, then their training as economists will help them better understand the situation, and explain it to the other EU government leaders who have no such training in economics.

Governments in the European Union suffer under high rates of interest. But stability is cheaper to achieve than commonly thought.

Greece may actually help the EU if she learns how to value and respect the advice of economic scientists.