Centralized control devastated Europe, now it threatens U.S. | WashingtonExaminer.com

Centralized control devastated Europe, now it threatens U.S. | WashingtonExaminer.com:

"Incredibly, the eurozone is trembling on the brink of its third recession in six years. Its industrial production has slumped, its exports have fallen and its debt is rising. Business confidence has declined over the past 12 months from 35 to 5 percent, and you can see why. France last ran a balanced budget in 1974. Italy has, to a single approximation, not grown since it abandoned the lira. Even Germany, which has until now borne the weight of the euro, Atlas-like, is starting to sweat and sway.

What has gone wrong? And are there any lessons here for Americans?"