As Europe struggles to contain its debt crisis, the name of an American dead for more than two centuries is being invoked by those who think euro area nations will have to trade some autonomy for fiscal stability.
One of the strangest pamphlets ever authored by an American public official appeared in 1797. Written by Alexander Hamilton -- a founding father and the first U.S. Secretary of the Treasury -- its title constituted a mini-essay in its own right.
Bank of New York Mellon Corp. is poised to choose between a lower Manhattan skyscraper and a smaller office building in New Jersey for at least 850 employees who would relocate with a sale of the company’s Wall Street headquarters, a person with knowledge of the discussions said.
What will it take to fix a European Union troubled by heavy debts and internal friction? The story of the U.S., which celebrates its 235th year of independence on July 4, offers a parable that Europe’s leaders might find instructive.
Former Canadian Prime Minister Paul Martin said Europe must make progress toward a deeper union that includes joint euro-region bonds, much like what Alexander Hamilton did in the U.S. more than two centuries ago.
In recent years, the term “American exceptionalism” has sometimes been an empty applause line, a fancy way of shouting “USA! USA!” Vladimir Putin recently went so far as to proclaim that “It is extremely dangerous to encourage people to see themselves as exceptional,” without bothering to investigate what American exceptionalism might entail.