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.
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.
Bloomberg's Sara Eisen reports on a story in the latest issue of Bloomberg Businessweek on the enduring appeal of Alexander Hamilton. 208 years after his death, Hamilton has a diverse modern-day fan club from the Tea Party faithful to Paul Volcker and multiple Facebook pages dedicated to "The Foxiest Federalist." She speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)
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.