Can someone give the "Economist" enough commonsense and basic math to understand that one country can't rescue half (or more) of Europe from a multi-decade borrowing binge? While we are at it, we should inform them that you can't borrow your way out of a debt problem and that "growing" GDP by adding debt (via recurring deficits) is financial alchemy. Lastly, assuming that high levels of public overspending (borrowing) can replace high levels of private over-spending (borrowing) indefinitely, is the specious Krugman Assumption.
I will take my subscription in four-ply rolls from now on, thanks.
