Page 30 - Michael Mandelbaum News Today : Breaking News, Live Updates & Top Stories | Vimarsana

toet into trouble with monetary issues. t turkey in this global crisis is the only country thatidn't intervene in the banking system. when welookt t government anbudget deficit, they' already abe t criteria of the european union. so as saidore, turkey among the 27 member states of the european union is at a better position. >> rose: weonclude this eveninwith michaeandelbaum, a profrsoat joh hkins university who wrien a n book about america called "the frugal superpower." >> sooner or later there is going to be a consensus that we've got to deal with this debt because we won't be ae t...

have caused the european union toet into trouble with monetary issues. t turkey in this global crisis is the only country thatidn't intervene in the banking system. when welookt t government anbudget deficit, they' already abe t criteria of the european union. so as saidore, turkey among the 27 member states of the european union is at a better position. >> rose: weonclude this eveninwith michaeandelbaum, a profrsoat joh hkins university who wrien a n book about america called "the frugal superpower." >> sooner or later there is going to be a consensus that we've got to deal with thi...

countries in the european union have caused the european union toet into trouble with monetary issues. t turkey in this global crisis is the only country thatidn't intervene in the banking system. when welookt t government anbudget deficit, they' already abe t criteria of the european union. so as saidore, turkey among the 27 member states of the european union is at a better position. >> rose: weonclude this eveninwith michaeandelbaum, a profrsoat joh hkins university who wrien a n book about america called "the frugal superpower." >> sooner or later there is going to be a consensus...

Used to be us." it talks about what's holding america back. it talks about fears of america's decline. with that backdrop, what is the major point in the framing of this boo >> well, david, what i and my co-author michael mandelbaum from johns hopkins are basically arguing is we've got good news and bad news. the bad news isthis problem didn't start in 2008 with the subprime crisis. this problem,n our view, started at the end of the cold war. the good news is, though,here is a way out if we undstand exactly where we are. think four big points, basically. first of all, we made the worst mistake...