Scapegoating is always so helpful in politics, is it not? It’s so cost-effective, and saves so much trouble. Rather than admit to your audience that there are no easy solutions to the problems facing your people, and that things are a lot more complicated than was previously thought, all you need to do is affect some fake moral outrage and point the finger at [insert identifiable target here]. The practice has been used as long as politics has existed, of …
The president of the European Council, Herman Van Rompuy, has a plan. Or, at least, a timetable. Herman Van Rompuy told a news conference in St Petersburg, Russia that, by the next summit of EU leaders at the end of June, he and three other EU officials would present “the main building blocks for this deepened economic and monetary union” and “a working method to achieve this objective”. “In those building blocks, banking integration is an important chapter… I will deal at …
Excellent George Soros essay on NyBooks – The Crisis & the Euro. In it he forensically examines the structural issues with the single currency, points out Germany’s critical role within the project and how they have been making bad policy decisions, and how this threatens political and social stability within the union. All is not lost, as he outlines three steps that need to be taken (cleansing the banks, huge monetary stimulus to offset fiscal tightening, European infrastructure investment funded …
