Portugal’s return to growth has many calling it the star pupil of the eurozone crisis. A look beyond the headline figures puts this into question, however.
The European Commission president believes more integration and cooperation is the solution to Europe’s many problems. But it’s hard to see this happening.
Alexander Hamilton and the policies he pursued as America’s first treasury secretary set the US on a course of national unity. That’s just what Europe needs today.
It’s groundhog day for Greece as the third bailout package is negotiated. And there’s no reason to think this one will be any more successful than the last two.
No one seems to really believe the latest bailout plan will work without debt relief. But the only way to get Greece to adopt essential reforms is to pretend it isn’t in the cards.
If Greece exited the Eurozone it would face several years of economic chaos. But it would be the master of its own destiny. The current EU offer will further destroy the Greek economy.