Greekonomics: The Euro Crisis and Why Politicians Don't Get It

The eurozone is in crisis. Spiralling debts, defaulting banks, high unemployment - the European dream of a united union appears to be over. All fingers point to the corrupt and greedy PIIGs: Portugal, Ireland, Italy, Greece and Spain. Profligate governments have exploited the system, squandered the benefits and now beg for bail-outs from those that prosper. But is it really that simple? Economist Vicky Pryce argues that, given the flaws at its conception, the eurozone has been doomed from t...