Paul Krugman says The European Project has been dealt a terrible, maybe fatal blow

++Paul Krugman is right. The demands on Greece at this late stage amount to a coup d'etat. The creditors will destroy your political economy if you do not bow to their ways. Krugman says that Hollande and the Italian Prime Minister are trying to fight back against the German morality of punishment. We don't know how this will end but Greece showed us some courage in the last week only to be dealt a fatal blow by Angela Merkel.