Germany shoulders much of the blame from the rest of the Eurozone. Instead of searching for fiscal solutions, many countries are retreating to stereotypes of the past.

For four years, Europe has been trying to solve its financial difficulties. Those who hold political power – especially Germany and France – are attempting (with limited success) to devise solutions that would allow for the continued inclusion of countries like Greece in the Eurozone, and that would still guarantee the survival of the common currency in the long run. Time is passing quickly, and the hesitancy of politicians in Europe’s capitals has only deepened the crisis. Europe cannot agree on a fiscal pact and balanced budget requirements.

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