european economic and monetary union

Is Europe primed for chaos, as it was in July 1914?

Summary:   Europe nears the brink, with the potential for a severe crisis if its leaders cannot agree on a solution before the G-20 meeting in Cannes on November 3-5.  The clock ticks towards some eventual but unknown deadline.  Here we examine the situation, and seek relevant historical analogies. “Le pier nest jamais certain.” — The …

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Delusions about easy fixes for Europe, dreaming during the calm before the storm

Summary:   Rumors circulate of complex ways to bail out Europe’s banks and conceal the cost to France and Germany.  These new programs expend scarce political capital AND even more valuable time, while fixing nothing but the banks.  This shows recognition about the seriousness of Europe’s problems, but a political tone-deafness that suggests bad times lie ahead.  Here we …

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Europe drifts towards the brink of a cataclysm

Summary:  Previous chapters in this series discussed the objective factors — and the timing of events.  Here we look at subjective but potentially decisive factors. From the previous post — At some point Europe will decisively choose to either unify or break the European Monetary Union.  Both options can work if done with determination and skill.  Both …

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Every day the new world emerges, yet we see it not. Like today, as Europe begs China for loans

Summary:  A crisis strips away our pretences, the no longer true beliefs to which we clutch out of fear — from our unwillingness to face the future.   Today we have a fine example as Europe begs for loans from China and the other emerging nations.  The new world order emerges before our eyes. America loves …

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The Fate of Europe, nearing the point of decision

Summary:  Will Europe become a collection of pawns?  Or unify into a great nation?  The time of decision approaches.   Our news media ignore key aspects of the situation, making the actions of Europe’s leaders look foolish.  They’re not.  Here we will look at the challenges that lie ahead, and what’s at stake for Europe.  See …

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