Overview for european-debt

Let Europeans Vote for EU Officials

In my column for The Week I explain why the European Union needs more democratic accountability: The European Union is not a democracy because until now it has been regarded as an association of democracies. The institutions at the center of Europe existed to serve democratic governments, …

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Written by David Frum on Wednesday November 30, 2011

The Euro? Um, Next Question Please

Last night, the CNBC anchors addressed the most urgent economic question of the moment - the fate of the euro - to four of the Republican presidential candidates: Herman Cain, Mitt Romney, Ron Paul and Jon Huntsman. I want to begin with what we saw today, another rough day for our money, for …

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Written by David Frum on Thursday November 10, 2011

Europe's Greatest Deficit is its Democracy

Though his actions quickly descended into farce, soon-to-be-former Greek Prime Minister Papandreou had the right instinct calling for a referendum on the austerity package that European negotiators are imposing on his country. There has been a long-stranding “democratic deficit” within the …

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Written by Jeff Cimbalo on Monday November 7, 2011

It's Germany's Mess as Much as Greece's

In my column for The Week I argue that Germany bears a lot of responsibility for creating the current European debt crisis: The other day, a financial friend repeated a joke. "A Greek, an Italian, a Spaniard, and a German walk into a bar. Who pays? The German of course …" Bzzzt. Let's …

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Written by David Frum on Wednesday November 2, 2011