Ireland's deficit must be the priority
The basic problem underlying much of the European crisis is that too many countries have lost the political will to live within their means over the medium term. Easy credit (much of its supplied by G
The basic problem underlying much of the European crisis is that too many countries have lost the political will to live within their means over the medium term. Easy credit (much of its supplied by German lenders eager for returns, by the way), lazy politics, adolescent public culture - all have played their part. But the basic problem of countries running persistent deficits remains.
The problem of economic short-sightedness and political frailty is ...
