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That's why America isn't Greece; and why the UK is being foolish in imposing eurozone-type austerity on itself.
The eurozone is a case in point.
The eurozone constitutes a "society of states" of a completely new type, one that transcends the traditional Westphalian concept of sovereignty.
That trend is also evident among other types of holidaymaker: self-guided tour experts Inntravel report increased bookings in cheaper eurozone countries such as Portugal as well as non-euro Croatia.
This type of blame game has been evident in the Greek financial crisis, with Greeks blaming the Eurozone's austerity measure for its stagnant economy and European leaders accusing Greek government leaders of failing to steer a clear course out of the crisis.
The eurozone?
Latvia joins the eurozone.
The eurozone is in trouble.
Eurozone citizens carry more cash.
Eurozone output.
The eurozone is very fragile.
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