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A Greek Lesson That's Still Evolving

The Greek financial crisis is far from over despite the austere agreement to enter into talks aim at debt relief and to more credit. Yet, an evolving lesson is emerging from the financial fiasco of the oldest democracy that will have global implications well into future generations.

The lesson is that there are inherent structural, social and political differences within any union of states. Though these differences may exist naturally, Greece is teaching that these matters are best addressed early and clandestinely, so as to avoid running the risk of opening up a union of states to rupture and also to avoid creating precedence for future crises arising within the union.

Many warning signs of Greece's degradation into the financial abyss were not heeded nor corrected by the Greeks and its creditors. Greece was allowed to spiral out of control within a union designed to promote cohesiveness and stability. 

The Maastricht Treaty was implemented to avoid the Greek tragedy. That fellow European Union(EU) members allowed matters to deteriorate to today's level, must be attributed to the inherent social and political differences between the Greeks and its EU peers.

Hence, unions of states should develop a structure to sound brotherly membership, which would accommodate and compensate for inherent differences within the union, as a means to hedging against future fall out from any chaos created by crises that might effect the membership body and any new potential members.