Monday, May 31, 2010

"Inside Europe - Defending the Euro Is More Than an Economic Issue" -

This is a good analysis but it still omits the European people on whose support all governments rest, including France and Germany. There is a limit beyond which those populations will not allow their leaders to go and I contend that what has been staked out in austerity measures already - and more to come - will push them over that line. Why is no one talking or writing about this limit? If I have its placement wrong, I'd be happy to hear another person explain it to me, but the idea of the limit is pretty hard to dismiss and everyone needs a better idea of just where that may be or unanticipated events will define it for us.

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