“I Have Never Seen Europe’s Policymakers As Scared” Ctd

Dreher weighs in as Europe teeters on the brink of chaos:

All things considered, I’d rather see the euro collapse and see Europe have to deal with the grave fallout than to see European particularities steamrolled by a pan-European bureaucracy administered from Brussels. As an American, I should probably want whatever is going to provide for the most stability in the global economy. But as someone who values European particularity and localism, I think surrendering to the European superstate would amount to nations selling their souls and their liberty.

Many Germans feel differently – but the Greeks are slowly changing their minds. Ezra Klein connects Europe with Obama's re-election chances:

At the moment, Greece is teetering on the edge, and so things could get very bad, very quick. And if they do, our economy is going to get very bad, very quick — and so will President Obama's reelection chances. If Europe somehow vastly exceeds the market's expectations and emerges with the strong fiscal union that everyone knows they can form but no one thinks they will create, it could do more to restore global confidence and kickstart an economic recovery than any single piece of legislation we can pass here, and that could do more to secure Obama's reelection than any message David Plouffe can think up.