The euro-zone crisis has striking parallels with our experience in two world wars, when the United States mistakenly calculated that Europe could solve its own foreign policy problems and that Americans were immune from the consequences of the Continent’s failure to do so.
Europe’s failure twice plunged the world into war. In today’s globalized economic world, Europe’s failure to resolve its financial crisis could plunge the world into economic chaos. This is a global crisis — not a euro-zone crisis — and we must take international action to deal with it.
One fundamental parallel with the two world wars is the tension between Germany and other European states.… Seguir leyendo »