DANIEL DREZNER: “I’m simply more pessimistic about Europe’s ability to alter its domestic institutions and overcome its long-term demographics to continue to rise. The EU has staved off this problem in part by increasing expansion, but the fact is they’re going to be running out of viable countries soon.”
Me, I worry that Claire Berlinski got it right. (More on that here.) Question: Who’s willing to die for the EU? Anyone? Bueller? Anyone?
Okay, forget that. Who’s even willing to take a 10% cut in pension benefits . . . .?