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What Europe can learn from Italy

The Italian case proves that economic policies, whereby the rich subsidize the poor, won’t fix Europe’s problems.

NAPLES, ITALY - NOVEMBER 17: Students and the unemployed take part in a protest against austerity cuts and lack of jobs on November 17, 2011 in Naples, Italy. Thousands of students took to the streets of Naples to protest against the lack of opportunity for future employment and impending austerity cuts by Italy's new PM Mario Monti and his new cabinet. (Photo by Christopher Furlong/Getty Images)MILAN — Can turning the European Union into a “transfer union” — whereby its wealthier members subsidize the worse-off — help alleviate the bloc’s many ailments?

Or will doing…

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