The European Union is the new sick man of Europe. The effort over the past half century to create a more united Europe is now the principal casualty of the euro crisis, and the European project now stands in disrepute across much of the continent.
This time the situation is indeed very serious. A new party made its appearance in German politics and is composed of economistes, lawyers and Christian Democrat politicians who believe in the dissolution of the euro area before this, they say, breaks Germany.
To corporate leaders, this yearís economic crisis is a sign that a more unified Europe is a solution, not a problem.
'Country begins to tire of Putinís reign' was the heading of a special Financial Times report about Russia. Is that news? Just after the French sent their President home after 1 term and with a chance that the Americans will do the same with their one in November, I would answer no on this question
It is not entirely an accident that Greece is the most economically troubled country in the European Union. The fact that it is located at Europe's southeastern back door also has something to do with it.
As sabres rattle in the long-lasting territorial disputes over the South China Sea, now considered by many to be the new Persian Gulf due to its potential reserves of oil and gas, the European Union remains a marginal actor in the region.
By: EBR | Wednesday, May 09, 2012
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