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December 5, 2012

Europe's Bipolar Disorder

Milton Ezrati, The National Interest

AP Photo

Europe clearly has bipolar disorder. Its summits demand a single-minded focus on austerity, to correct past budget excesses. Then many of its politicians, most especially France’s Francois Hollande, reject such notions out of hand and seem determined to return to the fiscal profligacy that created today’s financial crisis. Neither course is very helpful.

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TAGGED: Eurozone, Europe

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