Greek prime minister Alexis Tsipras meets German chancellor Angela Merkel and French president François Hollande at Sunday’s euro zone leaders’ summit in Brussels. Photograph: François Lenoir/Reuters

The dust has still to settle, but we have witnessed an extraordinary weekend in the history of the euro zone. It was about Greece, but it was about mu(...)

European policy makers “are doing everything they can to stop recovery taking off, so they should not be surprised if there is in fact no take-off. It is balanced-budget fundamentalism, and it has become religious”.

John Maynard Keynes famously argued that politicians and policy makers are often “slaves to some defunct economist”. I think he was only partially cor(...)