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Illuminating the Arts-Policy Nexus 
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Interesting piece, thanks.
Submitted by Nemonullnichts (not verified) on June 22, 2012 - 2:21am.
Interesting piece, thanks. Could you tease out how the Balkanization of the respective financial regulatory regimes involved is substantially distinct from the other connotations of a Eurozone breakup? Is it that the zone would ostensibly remain unified but individual constituencies would simply refuse to enforce obligations contrary to their interests? It seems to me that this be implied in the early stages of any version of a potential breakup.
I'm also curious whether you are comfortable with any instance of referenda repudiating international agreements. The case in Iceland seems particular because to my knowledge the obligations undertaken by Icelandic banks were not explicitly backed a government guarantee at their initiation. This is quite different than, say, the Greek polity refusing to maintain a particular tax scheme in service to its bailout program.
If you're pointing instead to unenlightened self-interest and short sighted (and demagogic?) impetus behind the violations of international agreements, sorry for the misread.
