After weeks of dithering, the European Union finally put serious money on the table to prevent its government debt crisis from mushrooming — and sinking the euro, stocks and the global recovery. But the EU still needs to find ways to keep its member governments from spending their way to bankrupty...[The larger story here is how Europe got into this mess - but don't expect to hear a peep of it no the MSM: the answer is liberalism, Europe's welfare states are crumbling under their own weight, while Obama is working overtime to emulate them.]
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