That is, Europe, through emergency, ad-hoc fiscal union, effectively removes its sovereign debt from the influence of market forces.

BBC: Thinking outside the 1930s box

Some of Wal-Mart's workers, who have been protesting wages, benefits and workplace conditions through a group called Organization United for Respect at Walmart, which has ties to the United Food and Commercial Workers Union, were critical of the coming ad offensive.

WSJ: Wal-Mart Ad Campaign Touts 'American Success Story'

In pursuit of ever closer union, Mr Delors and his staff set up ad hoc groups, bypassed chains of command and outsourced tasks to whoever could get them done.

ECONOMIST: The beleaguered president of the European Commission

Mr Blair reiterates ad nauseam his five best facts and three best arguments in favour of monetary union.

ECONOMIST: New Labour’s morning after | The