The EU’s Hour, or Europe’s Darkest Hour?
So far, Europe’s leaders seem to be mostly preoccupied with finding national answers to the global economic crisis, with leaders of “Old Europe” reluctant to open up their coffers for “New Europe.” If this attitude prevails, the European Project could well become paralyzed, which not only would delay economic recovery, but would also generate dire political consequences.
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COPENHAGEN – So far, Europe’s leaders seem to be mostly preoccupied with finding national answers to the global economic crisis. In particular, the leaders of “Old Europe” have been reluctant to open up their coffers for the countries of “New Europe.” If this attitude prevails, there is a grave risk that the European Project will become paralyzed. This will not only delay the restoration of economic growth, but will also have dire political consequences.