What an exhausting, confusing, chaotic, exciting, unexpected, depressing, remarkable weekend. For the last several weeks, EU leaders have been struggling to get ahead of the story. Instead of leading, they have been reacting to events in the financial markets (and reacting slowly). Every time they thought they had put enough money on the table to…
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The Euro: A Federalist Dream?
I was listening to the excellent BBC Global News Podcast (MP3) the other day and they had Malcolm Brabant – a freelance journalist who reports for the BBC – speaking from Athens (about 16:30 into the podcast). He said something that raised an eyebrow: The logical thing to do, from a completely objective point of…
If Portugal Holds, Greece Will Too
There was a fairly alarming article by Wolfgang Münchau in this Sunday’s Financial Times. He thinks this is the most important week in the history of the Eurozone – and it’s always nice to live through historic events, isn’t it? We might all end up in a documentary 10 years from now explaining the tragedy…