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Is the European Union a union of equals?

The ongoing issue of organising a bailout for the Greek economy continues this evening with concerns that an earlier agreement between Eurozone members could well disintegrate in the short to medium term. The press today have highlighted the role played by German Chancellor Merkel who many believe dictated the conditions attached to the proposed bailout and even devised the voting system to see the issue through. So is the European Union really working together?

Concerns have been growing over the last few months that the likes of Germany and France are dictating many issues within the Eurozone and have been very vocal in the press regarding their concerns about bailing out the Greek authorities. We have seen rumour and counter rumour in the press regarding potential conditions and potential concerns within the Eurozone, and it is not difficult to see how these issues have been leaked. So what next for the European Union?

Despite the fact that France and Germany are supporting the bailout in public there are concerns that behind the scenes they are not 100% behind the proposed solution. However, there is no doubt that the European Union will need to bail out the Greek authorities because there is the potential for this to cause further issues within the Eurozone and possibly bring down other economies.

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