Europe's Great 21st Century Challenge

Paul Summerville • May 6, 2011

The pressures building on the Euro risk releasing the financial market equivalent of the 9.0 earthquake that hit Japan in March.

Irwin M. Stelzer has written a tremendously important article detailing those risks which is a must read for anyone interested in understanding the issues at play in Europe, and protecting their wealth. (ed's note -- this is worth printing out and using a yellow highlight pen).

Weekly Standard -- The Coming Euro Crack Up -- A spectre is haunting Europe—the spectre of the disintegration of the eurozone.

We have also added a few other articles to round out what is at stake.

Financial Times -- Europe is Running a Giant Ponzi Scheme -- One of the pillars upon which the euro was established was the principle of “no bail-out”.

Reuters -- Five Ways to Correct the Greek Debt Crisis -- Not a day goes by without a flood of comments on Greece and its debt problems.

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The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.

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Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways.

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