He who learns must suffer. And even in our sleep pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God.
Hand in hand with nationalist economic isolationism, militarism struggles to maintain the sovereign state against the forward march of internationalism.
For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.