Gridlock meets debts     Print

The Gridlock Where Debts Meet Politics by David Leonhardt in the New York Times. On both sides of the Atlantic the financial crisis is often blamed on a lack of political will. It is a reality, however, that voters in all these countries remain unwilling or unable to recognize that the West has promised itself more than it can pay for. So beyond the political fecklessness, a philosophical debate remains about who shoulders the costs of a changed social contract. Recommended by European Affairs. (11/8)