January 30, 2012

Europe's Diverging Basket Cases

Pierpaolo Barbieri, The New Republic

AP Photo

Though the continent's collected prime ministers will no doubt again pledge to do all that's within their powers to preserve the grandeur of the European Union when they meet today in Brussels, the continent's fate ultimately rests on the quiet, technocratic governments of Italy and Greece. Unfortunately, those administrations have since seen their fortunes diverge considerably. It’s worth noting, however, that their respective failures and successes have been entirely predictable (if not entirely preventable.)

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TAGGED: Europe, Italy, Greece, Eurozone

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