Two noteworthy US media pieces have blipped on the Euro-pessimism radar, so I thought I'd echo them.
EurAm doesn't necessarily endorse these views in their entirety, though it's certainly closer to these than the euphoria sweeping parts of the anti-nuclear set. Regardless, at the end of the day, it's about the sharing of Europe commentary -- especially what's taking place outside of Europe, especially what's candid and controversial -- that allows you the reader to cut to the heart of transtatlantic debate.
So away we go:
1) Count on The Hudson Institute for consistently euro-pessimistic, moderate-conservative commentary from Washington. In today's Wall Street Journal, Hudson's economic policy expert Irwin Stelzer lays out acid commentary characteristic of his firm in a 2010 EU year in review, excerpted below. Note the passing reference to the US Constitution, lending a spontaneously Euro-American comparative view to the succeeding lines. Stelzer also leaves off with an intentionally troubling final thought on China, and the economic and geopolitical capital it could gain as the eurozone tailspin continues.
"All else that happened in Euroland in 2010 pales into insignificance when compared with the decision to set up mechanisms for replacing—some say supplementing, some say monitoring—national decision-making on fiscal policy with control by the Brussels-based Eurocracy, amending the Lisbon Treaty to make that possible. This is the step that the founders of the euro always knew would some day be necessary. That day has now arrived, and they are delighted.
