Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Fuzzy Sovereignty in Europe

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The issue of sovereignty has become fuzzy in Europe. Since France and Germany have basically exercised direct power over Greek’s electoral politics without assuming responsibility for solving Greece’s domestic problems.  Don’t you think that this won’t stoke even more resentment in Greece?

It’s really a lot worse than just an issue of fuzzy sovereignty. Last week something new happened which cannot help but affect the near-term outlook. By openly speculating for the first time on Greece’s leaving the euro, Europe’s leaders have ensured that there is almost no chance now of preventing it from happening, and sooner even than most pessimists expected.  Greece leaving will be painful for all, but is needed to reset the expectations and the economies of the EU.


Written by opinionoregon

November 8, 2011 at 5:27 pm

5 Responses

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