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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review June 1, 2010 / 19 Sivan 5770

The European Union will come apart

By Dick Morris




http://www.JewishWorldReview.com | The inevitable outcome of the Greek financial crisis -- soon to be followed by comparable events in Portugal, Spain and probably Italy -- will be the collapse of the Euro and a sharp halt in the momentum for European integration.


Ultimately, there is only one nation in Europe that investors trust -- Germany. And they will only support the Euro and treat the southern European nations (now called Club Med) as credit-worthy if Germany backs up the debt. The current $1 trillion fund is a palliative that will not satisfy the market once the larger obligations of Spain ($1.6 trillion) and Italy ($2 trillion) come into question.


Germany will have to buy the southern European debts and assume national responsibility for their repayment. But while her leaders may be willing to do it, I doubt that her voters will acquiesce. German nationalism -- the force that dominated Europe for one hundred years -- will not take kindly to paying the bills for their profligate neighbors to the south.


While conservatives are quick to blame the social welfare policies of Greece and the other Club Med nations for their deficits, the fact is that this increasing level of debt is what inevitably happens when a nation is not allowed to use monetary policy to counter economic downturns. With the German-dominated European Central Bank in charge of interest rates, Club Med nations did not have the zero interest option the Fed embraced in this country. So the only way out of recession was through fiscal policy which led to deficits that are out of control and a debt that cannot be repaid.


But unless Germany steps up and assumes responsibility for these debts -- something its voters likely will not permit -- the Euro is dead. Some have spoken about creating a two tier Euro, one backed by Germany and a softer currency that would not be. But this is merely a euphemism for the end of the single currency for the continent.


Ultimately, those who wanted to broaden the European Union will have trumped those who sought to deepen it and blocked the path to total political unity, at least on a continent-wide basis.


This does not mean that trade barriers will return to Europe and it does not preclude deeper ties among the well-behaved nations of northern Europe. But it does mean that the United States of Europe will not come to be.


Those who value freedom should heave a sigh of relief at this prospect.

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