The worst-case scenario for the EU’s future looks increasingly likely: “Grexit” (Greece leaving the eurozone), “Brexit” (the UK leaving the EU), and a Spanish election result that resembles Greece’s. In other words, nearly 60 years of European integration could be undone in the next 18 months.
BERLIN – Since 2008, when the global financial crisis erupted, the European Union has been confronted by a succession of crises: the escalating Greek crisis; Russian revanchism in Ukraine; and the refugee crisis in the Mediterranean (which is inextricably linked to the regional crisis in the Middle East and Africa’s various wars). These crises have stretched the EU’s powers and institutions up to – and beyond – their limits, which is why Europe’s response has been so mortifyingly weak.
BERLIN – Since 2008, when the global financial crisis erupted, the European Union has been confronted by a succession of crises: the escalating Greek crisis; Russian revanchism in Ukraine; and the refugee crisis in the Mediterranean (which is inextricably linked to the regional crisis in the Middle East and Africa’s various wars). These crises have stretched the EU’s powers and institutions up to – and beyond – their limits, which is why Europe’s response has been so mortifyingly weak.