(Thead.)
foreignaffairs.com/articles/europ…
* The euro
* Refugees
* The rise of authoritarian populism
The euro suffers from a fundamental construction flaw: In the long-run, it’s impossible to make a currency union work without a political union. That’s why, after 2008, some wanted to write off Greek debt and move to political union, and others to kick weak countries out.
She saved the euro—but at a very high cost: After ten years of suffering in Southern Europe, the euro’s fundamental flaw remains nearly as dangerous.
Merkel’s actions during the refugee crisis were far more complex than widely assumed.
During the summer of 2015, Merkel was widely panned for not speaking out against a xenophobic attack, and for telling a teenage asylum seeker she couldn’t stay in the country on live TV.
But she stalled—and her CDU even stayed in the same grouping in the European Parliament as Fidesz.
As a result, the very legitimacy of the EU is on life support. German citizens are willing to share their sovereignty with other free Europeans—but not with dictators in Warsaw or Budapest.
foreignaffairs.com/articles/europ…
[The end.]