The End of the World as We Know It
It is not difficult nowadays to imagine a nightmare scenario in which the EU disintegrates, Arab states embrace Islamist authoritarianism, and Chinese economic and foreign policies fuel conflict with the Romney administration in the US. Such a scenario might be remote, but it is not remote enough.
CAMBRIDGE – Consider the following scenario. After a victory by the left-wing Syriza party, Greece’s new government announces that it wants to renegotiate the terms of its agreement with the International Monetary Fund and the European Union. German Chancellor Angela Merkel sticks to her guns and says that Greece must abide by the existing conditions.