Le cheval de Troie de l’Europe

BERKELEY – L’Europe ne pourra faire autrement que de renflouer la Grèce. Il faudra accorder des fonds en urgence. Il faudra y mettre des conditions. Le gouvernement grec fera les promesses d’usage.

Cela devrait permettre au gouvernement grec de servir sa dette. Les marchés vont se calmer. Les conséquences à plus long terme ne seront pas rédhibitoires, mais il y aura des problèmes à venir.

Certains diront que l’erreur fatale fut d’avoir autorisé la Grèce à adopter l’euro en premier lieu. Il était pourtant déjà évident que le pays n’était pas prêt. Sa politique budgétaire était déjà incontrôlée lorsqu’elle a rejoint l’union monétaire en 2001 et ses syndicats faisaient déjà pression pour que les salaires grecs s’alignent sur ceux pratiqués en Europe, malgré une productivité à la traine.

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