The ‘Gang of Six’ and Signs of Sanity in Congress
Posted in Main Blog (All Posts) on July 22nd, 2011 4:31 am by HL
The ‘Gang of Six’ and Signs of Sanity in Congress
Too Late to Save the European Titanic?
Steven Erlanger, Foreign Policy
Europe isn't going quietly. In this season of continental crisis, both financial and existential, French President Nicolas Sarkozy has yelled at European Central Bank President Jean-Claude Trichet. The European Union commissioner in charge of justice, Viviane Reding, has insulted Sarkozy, who has fired back. Leaders of smaller countries have openly complained about German pigheadedness and French arrogance. The Germans and the northern countries call the Greeks freeloaders, liars, and worse; the Greeks have said Germany should return gold and antiquities looted by the Nazis.NATO…
We Face Eurogeddon & Dollargeddon
Timothy Garton Ash, The Guardian
Call me Oswald Spengler if you must, but it's hard to avoid the conclusion that the United States and the European Union are currently engaged in competitive decadence. The two leading polities of the west seem incapable of tackling the debt and deficit burdens which their closely related versions of liberal democratic capitalism have built up. Their politicians dance like drunkards along the cliff's edge of default.If Thursday's crunchtime meeting of eurozone leaders in Brussels does not reassure the markets, some part of the eurozone may fall within days. In Washington, the…
