In a very similar way, Greece and Italy ended up appointing technical governments as a result of unsustainable pressures from the markets. The aim of this article is to question the assumption that the introduction of some unpopular measure – although necessary - constitutes the answer to stabilising market dynamics and avoiding a eurozone break up. The article also shows how the very nature of the crisis imposes deep institutional rethinking about the eurozone that only political leadership can undertake.

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