I will have more on the European financial crisis in a future edition, but I couldn’t pass up the following quote from a recent article by George Will:
“The EU has a flag no one salutes, an anthem no one sings, a president no one can name, a parliament no one other than its members wants to have power, a capital of coagulated bureaucracy no one admires or controls, a currency that presupposes what neither does nor should nor soon will exist, and rules of fiscal behavior that no member has been penalized for ignoring.”
That about sums up the European dilemma.
