Wednesday 17 January 2018

Stephen Kinsella: Merkel forced into making the great leap forward

Stephen Kinsella

Stephen Kinsella

I stifled a yawn -- no doubt like so like many other economists -- on Thursday at the thought of reading yesterday's reports of the 20th crisis summit that would, this time, fix it all.

I have consistently argued that the inch-by-inch incremental approach that created the 27-country EU and the 17-country eurozone is precisely what is dooming it to failure.

Oh, how wrong I was in my opinions. All European summits have high stakes, but this one had drama.

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