The Euro Deal: Building A Better Titanic

Why the Euro is Fighting a Losing Battle, with Sally McNamara, Foxnews.com, December 10, 2011. "The entire Eurozone economy hardly grew at all in the third quarter. This is not just a symptom of the crisis: it is a fundamental cause. Even if Greece abandons its fiscal sovereignty, it will still be 30 percent less competitive than Germany. A new European treaty might buck up the markets for a bit, but it won’t resolve the underlying issue. The EU’s effort comes down to promising to build a better Titanic next time: it does nothing to help the current passengers."