Crazy plans for a Eurozone government

If you want to pinpoint the leading source of bad economic policy proposals, I would understand if someone suggested the Obama Administration. But looking to Europe might be even more accurate.

For instance, I’d be hard pressed to identify a policy more misguided than continent-wide eurobonds, which I suggested would be akin to “co-signing a loan for your unemployed alcoholic cousin who has a gambling addiction.”

And now there’s another really foolish idea percolating on the other side of the Atlantic Ocean. The U.K.-based Financial Times has a story about calls for greater European centralization from Italy.


    But socialism works!! Why are their economies failing! ?!?

  • Millie_Woods

    Centralized anarchy vs distributed chaos. At this stage, does it really matter if they take take the scenic route or the express-way to their date with destiny?

  • A European pipe dream.

  • Minicapt

    Oversight and control by credentialed experts is the only sure way into the vibrant and prosperous future.