Europe’s Ambitious Muddling Through
Following the escalation of the euro crisis and the EU’s last summit, it is time to ask what comes next for Europe. The most likely scenario – and the most promising one – is ambitious muddling through, with intergovernmental agreements providing a stopgap for shortcomings in the current EU treaties.
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BRUSSELS – Following the escalation of the euro crisis and decisions taken at the European Union’s last summit, especially EU leaders’ commitment to embark on the road “Towards a Genuine Economic and Monetary Union,” it is high time to ask what comes next. Whatever the final outcome, the current crisis will fundamentally shape the future of European integration.