MARC SIDWELL: DAVID Cameron spoke of ending a “responsibility deficit” yesterday. He wasn’t talking about the Eurozone, but he could have been. Its steadily-compounding financial disaster is an epic tale of failed responsibility, the consequence of spending without thought to the consequences. And yet lazy references to “PIIGS”, while they point rightly to the dysfunctional choices made by some economies on the Eurozone periphery, are misguided, tilting the table to send the blame all one way. In truth, the Eurozone – and the EU as a whole – is a project in which responsibility is excluded as a matter of philosophical principle.... Lire.
12/16/11
Europe’s responsibility deficit is out of control | City A.M.
MARC SIDWELL: DAVID Cameron spoke of ending a “responsibility deficit” yesterday. He wasn’t talking about the Eurozone, but he could have been. Its steadily-compounding financial disaster is an epic tale of failed responsibility, the consequence of spending without thought to the consequences. And yet lazy references to “PIIGS”, while they point rightly to the dysfunctional choices made by some economies on the Eurozone periphery, are misguided, tilting the table to send the blame all one way. In truth, the Eurozone – and the EU as a whole – is a project in which responsibility is excluded as a matter of philosophical principle.... Lire.
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