Europe’s Dangerous Nostalgia
With every failed policy to aid economic recovery, Europeans have felt increasingly disenchanted, fueling populist sentiment and demands for a return to national sovereignty. But, while the economic pain that many feel is certainly real, the nationalists’ diagnosis of its source is false.
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MADRID – The European Union has a dangerous case of nostalgia. Not only is a yearning for the “good old days” – before the EU supposedly impinged on national sovereignty – fueling the rise of nationalist political parties; European leaders continue to try to apply yesterday’s solutions to today’s problems.