Straight Line Logic has written that, “Europe is Toast.” Now it appears that a good chunk of Europe’s population is coming to the same conclusion.
Don Quijones, Spain and Mexico editor, Wolf Street
You know that things are bad when even the firmest believers begin questioning their faith. That’s what’s starting to happen in Europe, where the EU faces a dizzying constellation of threats and challenges and even the staunchest of eurocrats are beginning to express doubts.
Many people have lost trust in “entire institutions, whether national or European,” laments European Parliament Chief Martin Schulz. In an interview with the Frankfurter Allgemeine, he warned over a possible “implosion of the EU” due to the blossoming Euroskeptic movements in member states.
The main reason for Schulz’s gloomy disposition is the Dutch referendum vote last week against an EU-Ukraine trade agreement. It was the third referendum in a row that has gone against the EU’s interests, following Greece’s rejection last summer of the Troika’s latest plan and Denmark’s decision earlier this year not to seek closer security cooperation with Brussels.
Continue reading “It’s Gotten So Bad in Europe, Even Eurocrats Begin to Worry”