Why does noone see that Europe can have a nice currency union without fiscal union? I tried to put together this and some of the other bad ideas that I think are clouding the euro crisis debate in this post on the IGM/Bloomberg "business class" blog.
By artful application of bad ideas, Europe has
taken a plain-vanilla sovereign restructuring and turned it into a
banking crisis, a currency crisis, a fiscal crisis, and now a political
crisis..
Read more here
