QOTD

The Economist:

When we talk about the debt crisis in Europe, we tend to focus on the specific details--a relative loss of peripheral European competitiveness, accumulation of debt, rising bond yields and contracting economies. But the bigger story is a simpler one: The euro zone's political institutions did not keep up with its economic institutions.

It's the EU's "democracy deficit," and it's skyrocketing.

(via Instapundit)