December 3, 2012

Farewell to Europe

Clyde Prestowitz, Foreign Policy

AP Photo

Through all the vicissitudes of mid-night negotiations, I admired the dedication and vision of the negotiators who were building the European Union. I believed in the vision of a united Europe and welcomed the advent of the Euro as a major step along the way. When the recent crisis first broke three years ago, I welcomed it, thinking that surely it would be a catalyst for Europe to move to full financial integration and to greater political integration on the way toward realizing the vision of a truly united Europe. I was wrong, and I have come to realize that my dream of a united Europe a la the United States, is not the European dream. Indeed, with great disappointment I have at last concluded that there is no European dream because a las those whom we on the outside call Europeans...

Read Full Article ››

TAGGED: Italy, Portugal, Spain, Greece, UK, France, Germany, European Union, EU, Eurozone, Europe


November 28, 2012
It's Time to Write Off Some Greek Debt
Business Day
With Greece having now done its bit by inflicting severe pain on itself at considerable political risk, and the German election only a matter of months away, a meaningful debt write-off is surely the essential next step. more ››
November 20, 2012
Forget Euro Breakup -- Think Euro Mutation
Thomas Mayer, WSJ
The likelier outcome is the emergence of two new currencies that will operate alongside the euro, creating a three-tier monetary union. more ››
November 26, 2012
Jobs Outlook Dismal Across EU
Amid rising unemployment, the jobs outlook across the European Union is deteriorating in 2012. Majorities in all EU countries except Germany and Austria -- where unemployment rates are among the lowest in the eurozone -- say now... more ››
November 22, 2012
EU-UK Ties at a Breaking Point
Timothy Garton Ash, The Guardian
Beyond the predictable tedious horror of this week's EU budget summit, which starts tomorrow, what is the best Europe we can hope for over the next few years? There's an awful symmetry between the answers given by British... more ››
November 26, 2012
Inside the French Foreign Legion
William Langewiesche, Vanity Fair
It’s the dark romance of the French Foreign Legion: haunted men from everywhere, fighting anywhere, dying for causes not their own. Legionnaires need war, certainly, and Afghanistan is winding down. But there’s always... more ››