Letting Eastern Europe Sink

If all you read was the NY Times, you’d probably have the idea that the EU is on the verge of an East-West schism. Wishful thinking, perhaps. As Art Goldhammer points out, the (French-language) view from Europe is a bit more nuanced. According to this version, the EU’s refusal to float an “Eastern European” bailout is based on a broader sense of solidarity that rejects the idea of internal boundaries, whether East-West or North-South. There’s also the fact, as Angela Merkel made clear, that no monolithic bailout could respond to the distinct needs of the various countries. But here’s the […]

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