The European Debt Crisis: A Symptom of a Chronic Illness and the Nature of the Beast

February 3rd, 2012 by Kara in Economics, Essays

GUEST POST by Chris Richey, Neosho Capital, LLC From our vantage point at Neosho Capital, the European sovereign debt crisis is actually a symptom of two larger, more intractable, issues: the inherent difficulties of governing a federal entity and the perennial national and cultural tensions that have defined Europe for at least the past 2,000 years. It is our belief that while the short run problems caused by excessive sovereign indebtedness will eventually pass (at some point, either the debt is repaid, or it is in default), we believe Europe faces ...