Europe: Running On Borrowed Time

Europe: Running On Borrowed Time by John Mauldin, Mauldin Economics

The More Things Change

Don’t Bring a Knife to a Gunfight

New York, Maine, and Boston

“I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.”

Romano Prodi, EU Commission president, December 2001

Prodi and the other leaders who forged the euro knew what they...

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