Europe’s Path to Disunity
The assertion that the eurozone could be transformed into a United States of Europe is no longer convincing. The path toward it is far more likely to lead to a deep rift within Europe, because turning the eurozone into a transfer and debt union would require more central power than currently exists in the US.
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MUNICH – The motto of the United States of America is: “E pluribus unum” (Out of many, one). The European Union’s motto is “In varietate concordia,” which is officially translated as “United in diversity.” It is difficult to express the differences between the US and the European model any more clearly than this. The US is a melting pot, whereas Europe is a mosaic of different peoples and cultures that has developed over the course of its long history.