baltimoresun.com - Despite decline, European Union remains valuable ally - (Shortsighted American Press is having a field day)

baltimoresun.comDespite decline, European Union remains valuable ally - (Shortsighted American Press is having a field day)

Economic and political disarray has dropped the once-mighty euro to nine-month lows against the greenback. Much-ballyhooed European unity isn't all it was cracked up to be.

You can thank the postponement by the United Kingdom of its vote on the proposed European Union constitution. Thank the "no" votes in France and the Netherlands, too. Now on hold, that measure must be ratified by all 25 member nations to go into effect. Little chance of that happening now.