Wednesday, June 06, 2012

Genesis of the crisis in Europe

Europe is going through a financial crisis. It's becoming worse day by day, final outcome unknown. 
Many reasons have been offered for it. However, I came across an article titled "The idea of Europe" by Prabhat Patnaik (The Telegraph, 5 June 2012) which throws new lights on its origin.
I did follow the financial meltdown since it erupted on 15 September 2008. Read many articles on it. But, must admit that I didn't come across any analysis that seemed so much to the point. The analysis is from a totally new angle, is very interesting, and - once you read it - seems perfectly logical.
I'd be happy to present a summary of his main arguments, if you are interested. Do leave your comment/request below.

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