May 20, 2012

Watching Europe Choose Catastrophe

David Warren, Ottawa Citizen

AP Photo

Bankers may work as long as they wish on financial devices in the face of chaos, but they have no control over political developments. All their efforts must assume politicians and voters will play along; that nations with long jealous histories of sovereignty will stonily agree to surrender, merely for the sake of fiscal rectitude.

But as the latest election results show and will show, there is no chance of that.

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TAGGED: Portugal, Italy, Spain, Eurozone, Greece

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