The Corner

The View from Davos, The View from Brussels, The View from 25 St James St

 Veronique, you quote the Economist editorial in which that magazine’s writers compare the US with the EU. Interesting enough stuff, but what really caught my eye in that piece was this:

The inability of Europeans to rise above petty national concerns, whether over who pays for bail-outs or who controls bank supervision, has prevented them from making the big compromises necessary to secure the single currency’s future.

That’s a pretty awful sentence.

“National concerns”: petty.

A country’s taxpayers wanting to decide how their money is spent: petty

A nation wanting to regulate its own banks: petty.

Why the single currency’s future should be “secured”: unexplained.

Oh dear. 


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