Europe’s Real Existential Crisis
By Patrick J. Buchanan
However the Greek crisis ends, whether with Athens leaving the eurozone, or submitting and accepting austerity at the dictates of its creditors, the European Union appears headed for an existential crisis.
Greece borrowed and spent beyond its means, like New York City in the ’70s, and Detroit, Illinois, and Puerto Rico today. But the crisis of Europe is about more than budget deficits and bad debts.
All the momentum toward One Europe — the dream of the generation of Jean Monnet that drove Europeans toward ever-deeper union — seems to have dissipated. The momentum is now toward separation and dissolution. ...
By Patrick J. Buchanan
However the Greek crisis ends, whether with Athens leaving the eurozone, or submitting and accepting austerity at the dictates of its creditors, the European Union appears headed for an existential crisis.
Greece borrowed and spent beyond its means, like New York City in the ’70s, and Detroit, Illinois, and Puerto Rico today. But the crisis of Europe is about more than budget deficits and bad debts.
All the momentum toward One Europe — the dream of the generation of Jean Monnet that drove Europeans toward ever-deeper union — seems to have dissipated. The momentum is now toward separation and dissolution. ...
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