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For years, skeptics warned of multiple threats to the European project. The strains of the single currency, they said, would rip it apart. Excessive regulation was another concern, along with lack of democratic accountability. Some felt Europe’s different peoples were just too different
The reality, of course, has turned out to be much less complex. As real estate brokers say, it’s all about location. Europe is, quite simply, in the wrong place at the wrong time. And the consequences may rip it apart.
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