Absent its own currency and the ability to conduct an independent monetary policy, no country can be really sovereign
As I write this, the Greek drama is at its umpteenth crisis point. Will it go over the brink this time? If it does, could it conceivably take the euro with it? And what in heaven’s name is going on in Europe – purportedly the world’s most sophisticated polity. Theoretically, the 1648 Peace of Westphalia…
But it may have been better for Europe if he had won
June is a big month for historical anniversaries. Last week, I wrote about the 800th birthday of Magna Carta – the medieval charter that’s often described as seminal to the development of parliamentary democracy. This week, it’s the Battle of Waterloo, the clash that finally ended the Napoleonic era. It all happened on June 18,…
As I write this, the Greek drama is at its umpteenth crisis point. Will it go over the brink this time? If it does, could it conceivably take the euro with it? And what in heaven’s name is going on in Europe – purportedly the world’s most sophisticated polity. Theoretically, the 1648 Peace of Westphalia…
