Word: shibboleth
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Dates: during 2010-2019
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...European? Not Merkel. Yes, the Union should not forsake its stumbling members. But Mediterranean states already get plenty of funds from the European kitty as steady entitlements. And solidarity, a favorite shibboleth of all good Europeans, goes both ways. Europe should spread the wealth, but help works best when the profligate show remorse for their sins. This is why Merkel's no-bailout rule could have an entirely salutary effect, by imposing fiscal rectitude on the wayward...