Euro crisis: “We all know what to do, but we don’t know how to get re-elected once we have done it.”
In the Irish Times, Arthur Beesley identifies “one of the fundamental dilemmas in political leadership” being faced by eurozone politicians caught in a manifestation of “the political trilemma of the world economy” This presents a cocktail of nasty choices for EU leaders, many of whom seem more comfortable in the local arena than in the European amphitheatre. Previously, they were free to do as they pleased in a currency system that did not hold debt-addiction to be any great sin. Now, national …