Sofia still has work to do to convince Brussels that it is fit for the euro
Greece’s finance minister has resigned, hours after voters voted against further austerity in a referendum.
It’s difficult to fully digest the full financial impact of the Greek public’s decision to ignore its two long-standing major political players and opt instead for Alex Tsipras and his radical left wing Syriza party.
EU ministers have agreed to create a €54 billion (£46bn) fund, financed by the banking industry, to respond to future crises of failing eurozone banks.
Creating a common currency area means replacing indifference by cooperation and conflict. In this sense the Eurozone crisis might not be a deadly challenge to the whole European construct, but rather become a further step towards a European society.