In response to:

Europe's Wishes Came True

American_in_Europe Wrote: Jan 24, 2013 4:04 AM
Many Europeans would not agree with key parts of your article. Agree, they would, to your statement that southern countries took advantage of German economic strength through accounting lies. For their part the northern countries took the southern leaders "at their word". Little agreement, however, that Europeans are looking kinder at the "old free-market model of the United States. In Germany, at least, although large deficits are seen as a problem, lowering taxes across the board is not favored. In fact, pressures are increasing for stronger redistribution of wealth from the upper to middle classes, more control over the financial markets, and an increased resistance to privatization of the trains, water distribution, etc.

Almost a decade ago, Europeans and many progressive Americans were lamenting how the United States was going to miss out on the 21st-century paradigm symbolized by the robust European Union. Neanderthal Americans were importing ever more oil while waging a costly "war on terror" and fighting two conflicts in Iraq and Afghanistan. Our budget deficit in 2003 hit $374 billion.

The EU avoided foreign conflicts and embraced soft power. Its declining military budgets and centralized transnational government ensured that it could address global warming and fund ever-expanding entitlements. Even the poorer Mediterranean nations reached new heights of prosperity. The Greek economy...