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Greek danger may be history repeating itself

Published 22/05/2012

We have been inundated with reports of the devastation that will be done to the European project if Greece leaves the euro.

I was reminded of Otto von Bismarck, the Imperial German Chancellor, who, more than 100 years ago, stated that the next great setback to Europe would be brought about by "some damn foolish thing in the Balkans".

In his case, he was proven right with the outbreak of the First World War after Franz Ferdinand, the Austrian archduke, was assassinated in Sarajevo.

I wonder if history will repeat itself with Greece leaving the euro.


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