The view of a failing Europe is en vogue, and for understandable reasons. The contours of crisis are glaring: bloated budgets, aging populations, declining military capabilities, and the fracturing of political solidarity over a range of issues from Russia and energy to enlargement and Turkey. Such is the conventional wisdom about a once too-comfortable Europe, now in decline, and yet amazingly still in the midst of its sacred five-week summer holiday.
But just when Europe seemed on the brink of collapse, it is now showing signs of revival -- signs Americans should applaud.
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