The European Dream Is Over

The European Dream Is Over

To hear such a bold assertion from one of the two men was striking. But to hear it coming from the other was the sign of a political earthquake. Last month, during a rip-roaring lecture at the Hay Festival, the historian Niall Ferguson observed, almost as an aside, that our generation is "of course" living through the collapse of the European Union. Designed to provoke? Of course. That's Ferguson. It's the sort of remark that you dwell on, all the same.

Especially when, just the other day, I heard Sir Stephen Wall say something so similar. Here's what Wall said, at a seminar run by the Policy Network thinktank in London: "We have seen the high point of the European Union. With a bit of luck it will last our lifetime [Wall is 64]. But it's on the way out. After all, very few institutions last forever."

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