EU

It’s the end of the EU as we knew it

It is indeed the end of the EU as we knew it. Britain out, Turkey in and Greece debt free: who would have thought what seismic shifts the refugee crisis could trigger in the EU’s power play? [...]

The EU is falling apart

It is breathtaking to watch how fast cornerstones of European integration are being undone as a result of hundreds of thousands of asylum seekers entering the EU. [...]

Learning from Europe’s mistakes

Europe is suffering from some strange delusions that are less apparent when you live there. That is because certain beliefs and self-images are repeated until they can no longer be questioned without turning yourself into a political pariah. In my new essay, 'Why Europe Failed', I am dealing with some of them. [...]

The roots of Europe’s decline

In the breathlessness of the euro crisis, it is easy to miss the wood for the trees. By looking at individual trouble spots, we may be ignoring the roots of the crisis. [...]

Why Europe Failed

The continent that invented and dominated the modern world has gambled away its future. 'Why Europe Failed' is a sobering account of the Old World’s fall from grace. [...]

Europe on the road to nowhere

The rise of the European welfare state, the reduction of economic dynamism and the increasingly questionable legitimacy of the European project go hand in hand. 'Panem et circenses' could have been the motto of ­Europe’s post-World War II mixed economy model. It remains to be seen whether the EU will also share the Roman Empire’s fate. [...]

When monetary folly is not enough

After five tumultuous years of fighting the crisis arising from Europe’s monetary integration, leading European politicians are planning to go full steam ahead with the next level of integration. Their goal is the integration of fiscal policy. [...]

Now for the next euro crisis

Now that the Greek banks have re-opened, the third bailout package is on the way and something vaguely resembling normalcy is returning to Greece, we can finally deal with other things again: the euro crisis, for example. [...]