Politics and Markets

This dramatically “worsening” (M Draghi, January 2012) crisis is on the one hand a symptom of sclerotic national democracies’ reluctance to exert governance in the eye of necessary adjustments; but, we are witnessing on the other hand an open international aggression against Europe, and in particular the Euro. A clear analytical deficit exists regarding the behavior of: anonymous global markets, US-based rating agencies, significant economic powers, and financial lobbies several of which never accepted the EU’s striving for a single currency.