What can you say about a 23-year-old treaty born in Maastricht, the Netherlands that might die? That it was sentimental?
The victory of the Greek leftist party Syriza on Sunday is likely to test the European spirit of collectivism and continued fiscal austerity, and renew spirited debate about the merits of monetary union. Some elements within Syriza are known to favor an exit from the Eurozone.
Established by the Maastricht Treaty of 1992, the Eurozone was originally conceived out of an intellectual longing for one Europe, finally more united and economically focused after a century of war against fascism and Communism. The Eurozone and its currency, the euro, reflected an ideal, originating in some part from Brussels, Paris, and Bonn by civil servants and so-called Eurocrats who were pursuing economic engineering to achieve their vision of a united Europe. This was an emotional and socialistic concept about collectivism — to promote efficient capital movement, trade, and peace.