In August, Europe shuts down, on the assumption that nothing of consequence will happen until everyone returns, suitably tanned, in September. So, what should the continent's leaders, relaxing on southern Europe's crisis-ridden shores, be reading beneath their sun umbrellas this year?
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BERKELEY – In August, Europeans head for the beach. The continent shuts down on the assumption that nothing of consequence will happen until everyone returns, suitably tanned, in September. Never mind the subprime crisis of August 2007 or, closer to home, the European monetary crisis of August 1992: the August holiday is a venerable tradition. So, what should Europeans be reading beneath their sun umbrellas this year?