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Europe’s Last Chance

Another EU-China summit has come and gone, and the one clear thing that came out of it is that the EU’s reputation has fallen precipitously. Europe needs a sense of purpose for a century in which many of the odds will be stacked against it, as well as a statement of the moral standards that will guide its actions and, one hopes, its leadership.

BRUSSELS – The only clear thing to come out of the recent European Union-China summit was the scale of the EU’s fallen reputation. From being the world’s most widely admired political experiment and enjoying widespread respect and a degree of leadership on policy issues with global impact like climate change and fighting Third World poverty, the Union’s standing among the world’s emerging powers has been brutally downgraded. Its new image is that of a low-growth zone whose member governments have turned away from cooperation in favor of short-sighted beggar-thy-neighbor tactics that are imperiling the euro.

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