Spengler throws Spain under the bus as he riffs on the latest proposed "solutions" to the economic problems of the eurosphere. Full post is here. Two excerpts here:
"Penalizing good economic management and rewarding bad economic management is not a 'growth' policy, whatever the Obama administration might think; it is a formula for perpetual stagnation."
"If Italians and Spaniards treat their own national government as a hostile entity to be frustrated and evaded at every turn, how would they resound to a fiscal boss from Brussels? The notion that supranational controls can accomplish what national governments have failed to accomplish is one of the stranger ideas to achieve broad purchase in public policy."
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