Greece is experiencing an economic hurricane. Since the 2008 financial crisis, the Euro Zone has been struggling to recover and in constant danger of a deflationary spiral. Greece's problems began before the financial crisis, but only became clear as a consequence of a major shock from overseas (or, for those who were already arguing that the monetary union was problematic, it brought the problems back to the discussion table). Regardless of the current difficulties, this may be an opportunity for the far-from-perfect monetary union to build towards a more sustainable form of integration.
The economics of what went wrong
