Thursday, May 17, 2012

Just catching up on my Hannan

As he discusses the end of Europe as we know it. 
As long as Europe's élites remain determined to keep the euro, the economic situation will deteriorate. And the worse things get, the likelier people are to demand the high-tax, high-spend policies which caused the mess. The eurozone is now in a vicious circle. 

Over at CMR, Patrick Archbold foresees much worse than tussles over "austerity".

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