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View Diary: The U.S. has learned nothing from Europe's deadly obsession with austerity (105 comments)

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  •  There is no United States of Europe (6+ / 0-)

    Therefore, each individual member of the EuroZone has very limited policy options.

    Don't blame Germany.

    Blame the "enlightened" clueless EuroCrats in Brussels who conceived of a currency union without a fiscal one.

    And, in this case, blame the Greek pols who sold out the Greek rank and file by agreeing to cede their monetary sovereignty.

    Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

    by PatriciaVa on Sun Apr 07, 2013 at 07:47:39 PM PDT

    [ Parent ]

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