October 31, 2011

Europe Is Beyond Rescue

David Warren, Ottawa Citizen

AP Photo

There will be a fourth European summit-to- end -all-summits, almost certainly, before the end of the year. Like the previous ones, it will try to save the short-term situation, at the cost of mounding the accumulated slag-pile higher. The solutions are, in every case so far as I can see, of a piece with the background causes of the problem. They are paper solutions, and worse, paper solutions the markets can now see through.

Read Full Article ››

TAGGED: Spain, Portugal, Italy, UK, Germany, Greece, Eurozone


May 18, 2012
Apocalypse Fairly Soon in Europe
Paul Krugman, New York Times
For the past two-and-a-half years, European leaders have responded to crisis with half-measures that buy time, yet they have made no use of that time. Now time has run out. more ››
May 18, 2012
Are Germans Destined to Save the Euro?
Jeremy Warner, Daily Telegraph
To make it work, the euro will have to become a very different kind of monetary union. Whatever the historic mission, it's not clear that Germans are yet ready - politically, culturally, constitutionally or economically... more ››
The Spanish snub to the Queen smacks of a government that is anxious to distract public attention from its domestic woes. more ››
May 8, 2012
Italy's Political Outsiders Have Their Day
Tobias Jones, The Guardian
Unlike France and Greece, the election results can't really be read as a reaction against austerity measures. Since Italy currently has a "technocratic" government (a non-political coalition of managerial safe-hands), those... more ››