May 23, 2012 at 15:02 PM EDT
One Nation (under Germany)
For this week’s Outside the Box I want to share with you a singularly interesting conversation between Niall Ferguson and Ben Laurance, in the Sunday Times of London. What really grabbed me about it was the way Niall goes right out on a limb and yet makes such a convincing case that, when push really comes to shove, Germany will bite the federalist bullet, because it’s overwhelmingly in their interest to maintain a united eurozone. "I am not a federalist," says Ferguson. "But the costs of the single currency disintegrating are really so high and would impact so many people, that … [visit site to read . . . → Read More: One Nation (under Germany)

For this week’s Outside the Box I want to share with you a singularly interesting conversation between Niall Ferguson and Ben Laurance, in the Sunday Times of London. What really grabbed me about it was the way Niall goes right out on a limb and yet makes such a convincing case that, when push really comes to shove, Germany will bite the federalist bullet, because it’s overwhelmingly in their interest to maintain a united eurozone.

"I am not a federalist," says Ferguson. "But the costs of the single currency disintegrating are really so high and would impact so many people, that … [visit site to read more]

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