EU: "Too Big to Fail, Too Big to Bail"Roger Scruton - 09/26/11
“Too big to fail, too big to bail“: That’s how George Will neatly summed up the crisis facing the European Union.
Why is the EU such a mess? We’ve read about Greek default, about debt-strapped nations such as Italy and Spain, about fiscal policy. But how did Europe get here? To understand that we must go deeper, looking at the fundamental principles that have been ignored here.
Those principles are precisely what the British author Roger Scruton addresses in these enlightening remarks, in which he offers “Lessons for the European Union.”