Europe in Wonderland
Who would have dared, even a few weeks ago, to predict that in the end it would be the divided Europeans, not the United States, who determined how to contain the global financial crisis? But, while the EU basks in its newfound capacity to act, its political superstructure remains inadequate to address the coming threat to global real economy.
https://prosyn.org/Xl9roIG
BERLIN – Europe and its national governments are basking in their new capacity to act – and not without reason. Who would have dared, even a few weeks ago, to predict that in the end it would be the divided Europeans, not the United States, who determined how to contain the global financial crisis?