EU bailout: In trying to save the euro, Germany is making demands that cannot be met | Simon Jenkins

The EU, which was mildly corrupt, is now reckless and rigid too. Whatever the question, monetary union is not the answer

It was the best of deals; it was the worst of deals. Now it is Germany waving a piece of paper declaring peace in our time. Now it is Germany taking the burden of what Angela Merkel, its leader, calls "the worst crisis since the second world war". Greece has defaulted by 50% on its debt. The afflicted banks are to be aided, and the wider eurozone is to be underpinned by a...