Sunday, June 3, 2012

The Debt Crisis in Europe

Brigitte came across an extraordinarily insightful analysis of the debt crisis in Europe by Theodore Dalrymple and published in the City Journal (link). I recommend it to anyone who would like a holistic look at this problem. I’ve been interested in this process—toward a unified Europe—ever since I visited the Montanunion in Luxembourg as a soldier in the Army; we’re talking here about the High Authority of the European Coal and Steel Community, a precursor of the European Monetary Union. I’ve posted on this subject on LaMarotte last September here and here. Dalrymple’s article discusses Belgium, Ireland, Greece, and Germany—and in large strokes the difficulties of “union” when quite starkly different cultures are involved.

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