Europe's Economic War of Attrition

From Project Syndicate RSS-Feed Mon Dec 3 2012, 07:50:08

During the war of attrition that followed Egypt's defeat in the June 1967 war with Israel, underlying tensions festered. While the parallels with today's European debt crisis are far from perfect - the threat is economic rather than military - there is a real sense of "no peace and no war."

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