After a 17 hours Marathon, the Euro Summit finally agreed on a "compromise" with respect to the Greek crisis. See attached document. The measures imposed upon Greece and accepted by the Greek Parliament, are far worse than the original austerity plan rejected by a majority in the referendum. Despite a second warning issued by the IMF, the "Diktat" of Brussels failed to provide for debt relief. According to the IMF's update of July 14: "The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to go well beyond what has been under consideration to date - and what has been proposed by the ESM." 

The Diktat of Brussels was very much the outcome of German rigidity in the negotiations. The privatisation fund, probably, is the worst example of it. The fact that Germany could impose its view on the others has a lot to do with the EU's fundamental institutional flaw. Summits are the worst method for deciding on major issues. A compromise after 17 hours, unavoidably, is the one imposed by the stronges party. As a result, "Berlin is wiping out decades of hard-won goodwill" as I read in the Washington Post of July 16 - and for no good reason. The Greek crisis has not been resolved and Greece will be unable to implement the measures imposed upon it.

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Frans A.M. Alting von Geusau


  • Cultural Diplomacy: Waging war by other means?
  • Order Book
  • The Illusions of Détente,
  • Order Book
  • Western Cooperation
  • Order Book
  • Sporen van de Twintigste Eeuw
  • Order Book
  • European Unification into the twenty first Century...
  • Order Book
  • De geest van Christus leeft in Europa
  • Order Book
  • Neither Justice nor Order
  • Order Book

Western Cooperation

Footprints of the twentieth Century


Professor Frans A.M. Alting von Geusau presents the history of Western Cooperation around a central theme: the effort of realist idealists to replace power politics by closer cooperation between democracies.

Neither Justice nor Order


This is the fifth and last volume in the series “Footprints of the Twentieth Century”, a critical assessment of the state of the law of nations.