Hard choice in Europe

Democracy may be an unfinished project, but can its imperfections be an excuse for Eurozone oligarchs to dismiss two elected Governments? In the case of Greece they added extra pressure to deny people their right to participate in a referendum. In Italy, at least, there was no reason for sudden panic. It was embattled, but a solvent country till speculation took over. Mr Silvio Berlusconi may have erred in governance, but it was the bankers and capitalists who brought Italy to its knees. That gave the oligarchs a perfect excuse to push Mr Berlusconi over.

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