“We now return to your regularly scheduled programming, namely [the] collapse of the Eurozone,” remarked economist Tyler Cowen on Twitter, as a debt ceiling deal seemed in sight. While Cowen is flippant, the European rescue package announced last month hasn’t calmed investors. Italian and Spanish bond yields hit an
Crisis averted, Europe is forever saved, and Eurozonia is back on the path to glory. Following an emergency meeting of Eurozone countries on July 21, a “Marshall Plan” for Europe was announced and a virtual European International Monetary Fund created. A Marshall Plan for a peacetime crisis of Europe’s
“Uhhhh, what’s happening in Greeeeeece?” asked an apathetic Australian friend recently, as we saw riots in Athens on television, sitting in a Berlin bar. My explanation was pathetic. Being so close to Europe in my heart and so heavily invested in all of it in my relationship, my work,
