This story by Mark Brolin originally appeared on Quartz. Bernie Madoff and the European Union have a lot more in common than you might think. In the private sector when someone assumes new loans to cover earlier losses but still claims the money is well-invested it’s called fraud. All of the problems will be taken care of “in the future ” the same vaguely outlined future in which investors can expect handsome rewards. In the public sector it’s called a debt crisis. Precisely such a mess is brewing right now within the EU. The main difference is that the ...