A Note from Europe: The End of the World is Nigh

The mid-July headline of the German newspaper Sueddeutsche Zeitung (SZ) commenting on the two debt crises in Europe and the United States reads “The End of the World Is Near – But Only for You.” The article cleverly illustrates the deepening transatlantic gap when it comes to political and economic frames of reference. Americans are […]

Germany to Greece: Drop Dead

Germans have chosen to work; Greeks have chosen leisure. For this reason, Germans are furious with Greece for accumulating an unsustainable debt burden and thereby undermining the solidity of the European currency. But the self-righteous anger in Berlin may itself call into question the political basis of the Euro.