Our Post-Modern Crisis
Sixty years ago, a global crisis such as the one we are witnessing today would have had the potential to unleash a major war. Indeed, our current predicament has all of the hallmarks of a “post-modern” crisis, but that does not make it any less dangerous.
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BERLIN – On the weekend of May 7-9, the European Union gazed into the abyss of historical failure. The fate of the euro was at stake and with it European unification as a whole. Not since before the signing of the Treaty of Rome in 1957 had Europe been in such grave political danger. On the surface, the matter at hand was the financial stabilization of Greece and of the Europe’s common currency, but the real title of the play was “Saving the Banks, Part II.”