Europe’s Southern Future
Asia revolves around ASEAN, and the Americas around NAFTA and Mercosur. Europe, too, needs to help organize a large hemispheric region, and it should start with a Euro-Mediterranean community.
https://prosyn.org/EyOmwpn
PARIS – Economic crisis has now reached both shores of the Mediterranean, and the risk of a lasting depression has become very real. Austerity policies in Europe threaten to backfire, causing enduring harm to growth prospects and thus stoking unemployment and budget deficits. And southern Mediterranean countries can’t hope to make up in America and Asia the opportunities and investments that they are losing in Europe, certainly not in the short term.