Sensible Rachman

Gideon Rachman makes a lot of sense when he cautions against isolating Germany. The law of unintended consequences will very much be at work, for all the wrong reasons:

As a senior Dutch politician who shares the German view, puts it: “We cannot push through a banking union when the French have just cut their retirement age to 60 and we have raised ours to 67.”

Check out the links that Tyler Cowen provides us here. To make it easy for you, here is one and here is another.

Of course, it does not prevent ‘Economist’ from writing a leader article that is marked for its intellectual laziness/sloppiness.

It is not easy to bring about fiscal, banking and political unions in Europe. Probably, Germany should choose to ‘isolate’ itself.

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