America and the Next Phase of the Eurozone Crisis
Lionel Barber, Financial Times | March 5, 2012
The common denominator in the Eurozone crisis today is a lack of individual economic statesmanship and not simply the embeddedness of banking institutions. ++ Contrary to popular belief, America could afford to both pivot towards Asia and intervene in Europe. ++ It is likely that the US believes that these are problems pertaining to democracy, governance and sovereignty, and must be solved internally. ++ But we are entering a new, political phase of the Eurozone crisis and American economic statesmanship may become paramount.
