Fools Rush in Where Europe Rushes Out
As of this writing, France is paralyzed. By the time you read this, it might be in flames.
In Britain, where politics is more polite but the problems are perhaps just as dire, the government is proposing budget cuts on a scale not seen for nearly a century.
In Greece, well, the less said about Greece the better.
All of these countries -- and many more -- are going through painful retrenchments because they spent too much money, made too many promises and expected too little from their own citizens. The era of European austerity is upon us, because the Europeans -- or at least those in charge -- understand the mess they've made of their economies!
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