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The Fences Are Rising in Europe

EU politicians face their most difficult decision since the Treaty of Rome established what became the European Union back in the 1950s: do they let the euro break up into one or more smaller currency areas or do they turn the eurozone into a “fiscal union” with national budgets and policies subject to eurozone approval.

If you listen to what politicians say, it sounds as if Europe is heading reluctantly toward fiscal union.  If you watch what they do, they seem to be edging away from it.  Latest evidence: Denmark is putting its border posts back in place on its southern boundary with Germany, and Spain is blocking Romanians from coming there to find work.

Europe is reinventing itself; the Europeans themselves don’t know what comes next.

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  • Gene

    It’s hard to see how a thrown-together “fiscal union” created in haste to meet this challenge can be anything but a disaster waiting to happen. Unless, of course, the EU bureaucracy has such a plan already drawn up, needing only to be brought down off the shelf and put into place. Even in that case, however, Brussels has no way of predicting the fallout from such a move.

  • Corlyss

    I don’t care what they say. What counts is what they do. This frivolous idea of a United States of Europe was a bridge too far from the beginning. It asked people to ignore too much, to forget even more, and to live in their imaginations rather than the real world. Reality finally came a-callin’.

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