In the last few months, the word Tragedy or Greek Tragedy has been used a lot by international media.
Yet the real Ancient Greek tragedy was that Greek city-states did not unite into one federal state (back in the 5th century BC). If they had, 400 BC - 2011 AD history would have been quite different.
Europe's real modern tragedy is the same, ie the absence of political union among Europe's states.
And the Greek crisis is one of the in-your-face reminders of that.
Reminders of the absence of political union, military union (Greece No. 1 defense spender per capita in the EU, 22 in the world, 2006 (CIA World Factbook), fiscal union (federal tax and federal budget and of course federal European "IRS"), economic union, etc. No EU-wide "NHS", no EU-wide car registration/plates, no EU-wide job market, no EU-wide online systems in banks (how many banks operate throughout the EU the same way they operate throughout eg a federal country like Germany), etc.