"The problem is endlessly reported as one of 'bailout' terms and 'packages' for 'debt relief.' These are all euphemisms, and they are also all short-term. The fact is that default has entered the European vocabulary on a national scale and therefore that this First World club has its own Third World to contend with. In any case, the great justification for the European Union was always political and not economic, and if the symbol of the second-order dimension becomes tarnished, then the first ideal will not escape great damage, either."
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