Four Scenarios for the Reinvention of Europe
The impossible is also necessary if the euro and Europe are to be saved
The impossible is also necessary if the euro and Europe are to be saved
The answer to the EU's current problems is to rebuild from scratch, replacing the existing EU with a new, two layered structure with an inner and an outer core.
The economic crisis is now at a critical point, and Europe's leaders must chose between a federated eurozone power or yielding to the power of the markets and economic and political disruption.
The actions of Britain's coalition government are making it more likely that we will see the EU disintegrate, leaving behind a saved Eurozone that marginalises all those outside it – including Britain itself.
The present crisis of the Eurozone is a direct consequence of a half hearted, half considered, half explained and therefore half finished integration. Europeans must be prepared for sacrifice, but our leaders must make sure that sacrifice is worthwhile.
Throughout the Eurozone crisis, France has been well served by its decisive presidential system. But as thoughts turn to reforming the way the Eurozone works, France must come to terms with the power implications of a more federal system.
The European Union’s combination of crises – of finance, politics, and identity – makes the once unthinkable a real prospect: Europe is not “too big to fail”. What then should concerned Europeans do to ensure their continent's survival and progress?
How might European disintegration play out if we do not learn from past folly? Uncontrolled collapse, a decisive jump forward leading to a big step back, or disintegration in disguise due to benign neglect?
The longer term challenges for Europe's politicians are to contest real power at a European level and be honest with voters about the issues confronting the continent in the 21st century.
In an article for the Financial Times, George Soros argues that European leaders now need to search for an alternative to the crisis that has spread across Europe. This 'Plan B' for Europe will be a European solution, rather than the national solutions that so many are looking for.