{"id":32732,"date":"2012-05-28T00:00:49","date_gmt":"2012-05-28T00:00:49","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/the_economist_on_the_eurozone_crisis-limited_federalism_is_a_less_miserabl\/"},"modified":"2012-05-28T00:00:49","modified_gmt":"2012-05-28T00:00:49","slug":"the_economist_on_the_eurozone_crisis-limited_federalism_is_a_less_miserabl","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=32732","title":{"rendered":"The Economist on the Eurozone Crisis&#8211;limited federalism is a less miserable solution than break-up"},"content":{"rendered":"<p>What will become of the European Union? One road leads to the full break-up of the euro, with all its economic and political repercussions. The other involves an unprecedented transfer of wealth across Europe\u2019s borders and, in return, a corresponding surrender of sovereignty. Separate or superstate: those seem to be the alternatives now.<\/p>\n<p>For two crisis-plagued years Europe\u2019s leaders have run away from this choice. They say that they want to keep the euro intact\u201d\u201dexcept, perhaps, for Greece. But northern European creditors, led by Germany, will not pay out enough to assure the euro\u2019s survival, and southern European debtors increasingly resent foreigners telling them how to run their lives.<\/p>\n<p>This has become a test of over 60 years of European integration&#8230;.<\/p>\n<p><a href=\"http:\/\/www.economist.com\/node\/21555916\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What will become of the European Union? One road leads to the full break-up of the euro, with all its economic and political repercussions. The other involves an unprecedented transfer of wealth across Europe\u2019s borders and, in return, a corresponding<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=32732\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,460,582,589,595,592,149,591,200,590,144,468,478,454,133,448,151,458,446,585,596],"tags":[],"class_list":["post-32732","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-foreign-relations","category-france","category-germany","category-greece","category-history","category-italy","category-politics-in-general","category-portugal","category-spain","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32732"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32732\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}