January 20, 2012

Europe's Demographic Denial

Samuel Gregg, American Spectator

AP Photo

If there is one word that captures many Europeans' response to the continent's financial crisis, it is denial. Witness the description by the editors of France's newspaper-of-record, Le Monde, of France's S&P credit-downgrade on January 13 as "un non-événement financier." The fact that this "non-event" will increase France's borrowing-costs (not to mention those of the EU's own bailout fund) at a time when France's government is already struggling to contain spending apparently escaped Le Monde's attention.

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TAGGED: Europe


January 16, 2012
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January 18, 2012
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Irish Independent
The news that ratings agency Standard & Poor's is set to strip France of its Triple-A credit rating won't cause many tears to be shed in this country. However, we would be well-advised to keep any feelings of schadenfreude... more ››