They say that breaking up is hard to do.
Now I know, I know that it’s true
Don’t say that this is the end.
Instead of breaking up
I wish that we were making up again.
– Neil Sedaka, 1962
I have contended for some time that Europe is faced with two choices: Disaster A, which is the break-up of the eurozone, or Disaster B, which is the creation of a fiscal union, which keeps the euro more or less intact. Over the last few months I have come to realize that there is indeed a third option, which now looks increasingly possible. This is rather … [visit site to read more]
