Europe's Zero-Sum Dilemma

The European debt debacle has made a mockery of the original hopes that inspired the European project. The EU may not survive the current crisis—and even if it does, it could be a severely diminished organization.

Issue: May-June 2012

EUROPE’S DEBT crisis is threatening a political order that has been built up over the course of more than a half century. It is still entirely possible—indeed likely—that the European single currency will not survive the crisis. Angela Merkel, the German chancellor, has predicted that if the euro collapses, the European Union will crumble with it. The destruction of the EU would, in turn, remove the organization around which postwar European politics has been constructed.

You must be a subscriber of The National Interest to access this article. If you are already a subscriber, please activate your online access. Not a subscriber? Become a subscriber today!