Contrary to conventional wisdom, the euro crisis was NOT triggered by runaway spending, Dean Baker reminds. It follows, then, that monetary policy—NOT fiscal policy—is the solution, as Ambrose Evans-Pritchard explains. Instead, the politicians are, of course, pushing for a political solution engineered by Germany. “For the third time in less than twenty years, Germany is trying to force down the throat of Europe a federal ‘political union’ which, in the eyes of too many European observers, eerily resembles a gentler, kinder Anschluss,” writes Tony Corn. You can’t always get what you want. The question is whether Europe will get something it needs before it’s too late? The jury’s still out.