The Tragedy of the European Union: Disintegration or Revival?

The Tragedy of the European Union: Disintegration or Revival?

George Soros

The ecu Union may well quickly be something of the earlier. Xenophobia is rampant and as a rule mirrored in elections around the continent. nice Britain may possibly carry a referendum on no matter if to desert the union altogether. Spurred by way of anti-EU sentiments because of the euro problem, nationwide pursuits clash with a shared imaginative and prescient for the way forward for Europe. Is it too overdue to maintain the union that generated remarkable peace for greater than part a century?

This isn't any mere educational query with restricted value for the United States and the remainder of the realm. some time past decade, the ecu has declined from a unified international strength to a fractious confederation of states with brilliant unemployment resentfully looking aid from a reluctant Germany. If the ecu collapses and the previous member states are remodeled back from companions into opponents, the USA and the area will confront the intense financial and political results that follow.

In a chain of showing interviews performed via Dr. Gregor Peter Schmitz, George Soros—a guy of big ecu adventure whose own previous informs his current concerns—offers trenchant statement and concise, prescriptive suggestion: The euro quandary used to be now not an inevitable final result of integration, yet as a result of avoidable error in politics, economics, and finance; and over the top religion within the self-regulating monetary markets that Soros calls marketplace fundamentalism encouraged unsuitable institutional constructions that decision out for reform. regardless of the massive perils of this era, George Soros continues his religion within the eu Union as a version of open society. This booklet is a testomony to his imaginative and prescient for a calm and efficient Europe.

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