Another Desperate Summer?

Published May 22, 2012 1:19pm ET



Could we be slipping into another one of those summers of Europe riding down the rails to catastrophe? A disaster that all can see coming but that none seems to have the tools or the will to prevent.

It will not be as bad this time since Europe is not armed to the teeth and emotionally ready to fight to the death. Merely up to its eyeballs in debt – most of it anyway – with millions of its young unemployed and angry about it. (Never a good thing.) And, of course, with Germany ascendant. Whatever happens, it will be because of actions the Germans undertake. Or not.

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