A crisis with no end in sight
in Europe’s path to crisis
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This chapter offers a portrait of a European Union in 2013 wracked by mutual suspicions. Elites in that year dropped the pretence that further integration efforts could produce common benefits. The EU had devised such defective processes for managing high-level responsibilities that it remained paralysed when these low-grade forms of management spun large areas of the eurozone into crisis. Southern European political elites shrank from embracing bold remedies for the economic crisis. Most were seen as involving an abandonment of the euro or else a temporary suspension for some members, or a breaking up of the currency union into several workable parts. The EU will become an entity of secondary importance unless it can redesign itself as a force concerned to identify and defend a European common good. This involves burying the Cold War with national states who view a supra-national Europe as both threatening and unworkable.

Europe’s path to crisis

Disintegration via monetary union

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