LAST WEEK the world watched the inevitable conclusion of the continuing political crisis in the EU that has accompanied the economic crisis. The lack of political vision and inability to act ahead of the markets shown by Europe’s leaders has finally caught up. There is no more road to kick the can down.
The resulting chaos has already claimed two heads of government and triggered serious discussion of ejecting members of the euro zone. Italy threatens to be simply too big a problem for Europe to solve, but even addressing the issues must wait for elections and new governments. But the cliche that in every crisis there is an opportunity is a cliche because it is true. If Europe can weather the next few weeks of chaos, it has an opportunity to finally seriously address its problems.
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