Europe is trapped in purgatory. What's economically sensible is politically treacherous, and what's politically sensible is economically treacherous.The political will to do what is unpleasantly necessary simply does not exist. People won't take their medicine.
Thursday, December 15, 2011
Quote of the Day
Robert Samuelson, writing for Newsweek and reprinted in RealClearPolitics, on Europe's continuing euro troubles: