“Europe’s socialist (or ‘social democratic’) welfare state is collapsing under the load of unsustainable debt,” write Heritage Foundation experts James Roberts and J.D. Foster.
The European Union’s monetary policy failures are infecting the continent’s economy from the inside out. These policies are increasingly unmanageable as national debt burdens grow and growth prospects diminish further.
To paraphrase an old saying: You can fool some of the credit markets all the time, and all the markets some of the time, but you cannot fool all the credit markets indefinitely. Continue Reading »