All European leaders quail before it. To exorcise the demon, they are putting their economies through the wringer.

So, the way of treating these diseases in early times was to, in some way or other, exorcise those evil spirits, and this is still going on, as you know.

As with the specter of Communism that haunted Europe in Karl Marx s famous manifesto, so today a ll the powers of old Europe have entered into a holy alliance to exorcise the specter of national debt. But statesmen who aim to liquidate the debt should recall another famous specter the specter of revolution.