Overview for european-union

The Man Who Invented the Euro

The Telegraph today posts an interview of Jacques Delors by Charles Moore. I ask the man who prides himself on being an architect of European Union whether he got it all wrong. Unhesitatingly, he denies it. It is a fault in the execution, not of the architects, which he claimed to have …

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Written by David Frum on Saturday December 3, 2011

The EU's Plan: Raise Taxes With Bailouts

The past two weeks have seen a dizzying array of proposals from virtually every organ of the EU claiming that they can make the eurozone more efficient, durable, and solvent. If you noticed that no one is saying that they will make the eurozone more democratic, you’re not the only one . The …

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Written by Jeff Cimbalo on Thursday December 1, 2011

Why Spain Turned Right

In my column for CNN, I explain why the conservatives were able to win in the Spanish elections: Signing up for a monetary union with Germany created a temporary illusion of wealth for the people of Spain. The German economy is much more productive than the Spanish economy. One way a less …

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Written by David Frum on Monday November 21, 2011

Premature Euro-Skeptics

The New York Times' profile of Euro-skeptic Bernard Connolly--who warned early of the danger of creating a single currency for a polyglot continent--is one more reminder of the enduring force of the old common-law rule: truth is not only no defense; truth actually compounds libel. People …

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Written by David Frum on Friday November 18, 2011

Merkel's Plan to End the Euro

Whatever political settlement the Lisbon Treaty created to allow for the permanence of the euro is about to change. Chancellor Merkel will propose a significant change in the existing treaties, which will finally allow Greece and perhaps others to leave the euro but not the EU, and likely bestow …

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Written by Jeff Cimbalo on Monday November 14, 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

Speak Latvian, Or Else

It sounds like the nightmare of many cultural relativists: policemen barge through the doors of retail-stores, super-markets, and malls and charge immigrants with fines if they are not proficient in the native language or aware of its fine phonetics. What sounds rather bizarre is custom in Latvia, …

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Written by Robin Tim Weis on Wednesday October 5, 2011

Be Euro-Scared, Very Euro-Scared

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Written by David Frum on Thursday August 11, 2011

Turning A Crisis Into A Greek Tragedy

The political management of the Greek financial crisis is akin to the generalship exhibited in World War One and could have similar catastrophic consequences for Europe. Looking back at historic events, say the protracted tragedy of World War One, one is frequently puzzled by the inability of the …

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Written by Napoleon Linardatos on Monday June 27, 2011