The Greek Crisis Deepens Europe's Fault Lines

After intense negotiations July 11 and 12, the Eurogroup gave Greece until July 15 to introduce additional economic reforms in exchange for a third bailout program. But the negotiations are also dividing creditors. Countries lead by Germany are openly discussing the possibility of Greece leaving the eurozone, while others led by France are pushing for a political agreement. As a result, the Greek crisis could destabilize several governments across the eurozone, intensifying divisions between northern and southern European countries and reversing six decades of continental integration.