Analysis of information sources in references of the Wikipedia article "European debt crisis" in English language version.
{{cite journal}}: Cite journal requires |journal= (help){{cite news}}: CS1 maint: multiple names: authors list (link)Die Gehälter sind auf den Stand von 1986 zurückgefallen, der Konsum auf den Stand von 1950.
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!["[image] public debt as % of GDP"](http://www.forexblog.org/wp-content/uploads/2010/07/Freddie-Mac-PMMS-July-8-2010.bmp){kind=link}
{{cite journal}}: CS1 maint: numeric names: authors list (link){{cite news}}: CS1 maint: multiple names: authors list (link)But while Europe is better prepared for a Greek restructuring of its debt – writing down what is currently held by states and the European bailout funds – a Greek departure is likely to be seen as the beginning of the end for the whole euro zone project, a major accomplishment, whatever its faults, in the postwar construction of a Europe "whole and at peace".
This would effectively turn the European Union into a kind of postmodern version of the old Austro-Hungarian empire, with a Germanic elite presiding uneasily over a polyglot imperium and its restive local populations.
We need not just a currency union; we also need a so-called fiscal union, more common budget policies. And we need above all a political union. That means that we must, step by step as things go forward, give up more powers to Europe as well and allow Europe oversight possibilities. (Angela Merkel)
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