We need to distinguish the sovereign state from the people it governs, and the other political institutions between. 

Things are moving so fast in the financial negotiations between Greece and the Troika (European Central Bank, European Union, and the International Monetary Fund) that there is little point in my trying to comment on them. But there is a structural issue which most commentaries overlook.

G20 summit addresses free trade and IMF; G2 emerges from US-China meeting; Anti-govt protests in Bangkok enter second week; European Central Bank to cut interest rates; and more

Top of the Agenda: G-20 Summit