EU: the Union of Shattered Dreams
Greek debt crisis questions the existence of the EU and outlines the instability of a monetary union which is not backed by political and economic unions. ++ “Dismantling of the welfare and redistributive systems” stir populist sentiments. ++ The case is exacerbated by the failure of the Schengen treaty and the absence of common security and foreign policies. ++ Whereas the introduction of a single tax, banking, legal and political systems is impossible, the Europeans have to focus on gluing together the union in order to avoid its collapse.
