EU's Inevitable Implosion

Nile Gardiner, New York PostIn 2002, former British Prime Minister Margaret Thatcher warned that building a European Union superstate “will seem in future years to be perhaps the greatest folly of the modern era.” Less than a decade later, she’s being proved right, as the EU faces the biggest crisis in its history.Last week, Eurozone leaders hammered out a makeshift deal to significantly expand the $600 billion European Financial Stability Fund -- seemingly calming fears of a Greek default on billions in public debt. But on Monday, Greek Prime Minister George Papandreou announced a...

Cheryl Burke China Chow Chloë Sevigny