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


May 20, 2012
Ratcheting Up the Euro Crisis
Walter Russell Mead, The American Interest
'Crisis in the eurozone' stories are getting boring and this is one two year old soap opera the world would just as soon see disappear. Nevertheless it grinds on; yesterday the German finance minister said it could go on for... more ››
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?
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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 ››