Greece is on the brink of becoming a failed state. Yesterday, Greek voters rejected an international bailout plan.
So what happens next?
A major exodus of finance and investment will rapidly overwhelm Greek society.
Overnight, the real value of millions of Greek savings accounts will plummet as Greece abandons the Euro.
And in a country already fraught by deep social currents of dissatisfaction, the risk of political extremism would grow quickly.
This sad saga doesn’t just speak to an illness in Greek society.
It also tells a great deal about the dysfunction that now defines the European Union as a whole.