I think I am back from the flu. I have not missed a weekly letter in over 11 years, but this bug took it out of me. I need to do some catching up on my reading, which will mean a few more postings over the next week or so. Here is Martin Wolf's latest. Read this from the point of view not so much that it is prescriptive (as he meant it to be), but with an eye to understanding the depth of the morass Europe is in. Whatever path is chosen will be difficult and spark controversy.