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WSJ: Europe at the Brink [VIDEO]
Posted by: Frank Voisin (IP Logged)
Date: January 5, 2012 07:56AM

The Wall Street Journal’s documentary on the origins of the European debt crisis:

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Re WSJ Europe at the Brink VIDEO
Posted by: vgm (IP Logged)
Date: January 5, 2012 02:06PM

A very one-sided portrayal. Too much scare-mongering, including the attempt, thru the music, to create an overly fearful atmosphere. I guess that's what gets us to buy newspapers.

No-one denies Europe's dire situation, and past mistakes but I'd like to have seen more balanced reporting. There are two sides to the coin. There are better-informed individuals (Niall Ferguson for one) who make the case that it is simply too costly and damaging for Europe to break up. Every country would stand to suffer, including the fiscally prudent Germans. There's every likelihood that Europe will emerge stronger in the aftermath.

I'd suggest a Part V looking objectively at the potentially optimistic scenarios and outcomes and benefits. There is the prospect that Europe uses the current problem as an opportunity to improve itself, albeit much more slowly than the rest of the world would've liked.

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