When the history of the 21st century is written, people will rightly ask why it was that Europe was found wanting during its most intractable economic crisis.
They will ask why Europe slept as an undercapitalized banking system floundered, unemployment remained unacceptably high, and the continent’s growth and competitiveness plummeted.
Worse still, if a reconstruction plan does not come soon, Europe’s leaders will be charged with “the decline of the West” and then face accusations for being, in the words of Winston Churchill about the 1930s, “resolved to be irresolute, adamant for drift, solid for fluidity and all-powerful for impotence.
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For more: Gordon Brown: History will charge Europe's leaders with West's decline - CSMonitor.com
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