The Naked Euro
Like the little boy who was unafraid to declare the emperor naked, German Finance Minister Wolfgang Schauble, in criticizing the euro, has pointed the finger of realism at the aspirational rhetoric in which all European leaders are still compelled to clothe their utterances. For those who prefer solid construction to hot air, his words should be welcomed.
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LONDON – Dramatic challenges, and mediocre responses: that is the history of the European Union. All too rarely does the EU rise to the level of events, which is why Europe is fading economically and geopolitically.