Europe’s Shaky Foundations
Slowly, word is getting round – even in Germany – that the financial crisis could destroy the European unification project in its entirety. Indeed, the crisis is beginning to erode the Franco-German and transatlantic foundations – of a post-war European order that has ensured an unprecedented period of peace and prosperity.
BERLIN – Slowly, word is getting round – even in Germany – that the financial crisis could destroy the European unification project in its entirety, because it demonstrates, quite relentlessly, the weaknesses of the eurozone and its construction. Those weaknesses are less financial or economic than political.