The EU’s Financial Crisis Approach

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Art Goldhammer at French Politics wonders: How is it that Europe, with its divided leadership, was able to achieve coordination so quickly, whereas the U.S., with decisive power concentrated in the Federal Reserve and Treasury, has struggled for months to do the same and has finally arrived, it seems, only by copying the European model? Art goes on to answer his question, in a follow up post, with a list of thought-provoking hypotheses that are worth a read. Implicit in them, though, are a couple of points that I thought I’d tease out. To begin with, he points out that, […]

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