{"id":10362,"date":"2015-07-24T07:27:54","date_gmt":"2015-07-24T12:27:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10362"},"modified":"2015-07-24T07:27:54","modified_gmt":"2015-07-24T12:27:54","slug":"the-dangers-of-european-dis-union","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10362","title":{"rendered":"The Dangers of European Dis-Union"},"content":{"rendered":"
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The Dangers of European Dis-Union<\/a><\/h3>\n

The \u201cEuropean Project\u201d is under unprecedented stress from fissures both east-and-west (over the Ukraine crisis) and north-and-south (over the Greek and refugee crises) \u2013 and it\u2019s unclear whether the Continent\u2019s\u00a0bureaucrats\u00a0can keep the European Union from splintering apart, as Nat Parry explains.<\/strong><\/p>\n<\/header>\n

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The near collapse of the Greek economy and the harsh austerity package forced on Athens by the European Union has led to increasing commentary in recent weeks on what the developments might mean for the \u201cEuropean project\u201d \u2013 the one-time seemingly inevitable drive on the European continent for an \u201cever closer union\u201d based on principles of economic, social and territorial cohesion\u00a0and solidarity among EU member states.<\/p>\n

Far from a demonstration of cohesion and solidarity, as\u00a0New York Times<\/em>\u00a0columnist Paul Krugmannoted<\/u><\/a>\u00a0in a July 12 op-ed, the lesson learned over the past few weeks is that \u201cbeing a member of the eurozone means that the creditors can destroy your economy if you step out of line.\u201d In Krugman\u2019s view, the fundamental economics are simple enough: \u201cimposing harsh austerity without debt relief is a doomed policy no matter how willing the country is to accept suffering.\u201d<\/p>\n

\"Greek<\/a><\/p>\n

Krugman is not alone in his bleak appraisal of the situation. In\u00a0testimony<\/u><\/a>\u00a0to the House Foreign Affairs Committee\u2019s Subcommittee on Europe, Eurasia, and Emerging Threats on July 14 on the topic of \u201cThe European Union\u2019s Future,\u201d prominent American academic Stephen Walt said that the EU, despite its past achievements, now suffers from growing tensions and several self-inflicted wounds.<\/p>\n<\/div>\n

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…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dangers of European Dis-Union The \u201cEuropean Project\u201d is under unprecedented stress from fissures both east-and-west (over the Ukraine crisis) and north-and-south (over the Greek and refugee crises) \u2013 and it\u2019s unclear whether the Continent\u2019s\u00a0bureaucrats\u00a0can keep the European Union from splintering apart, as Nat Parry explains. The near collapse of the Greek economy and the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[40,279,281,7521,284,1167,614],"class_list":["post-10362","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-austerity","tag-eu","tag-europe","tag-european-project","tag-european-union","tag-greece","tag-paul-krugman"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10362"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10362\/revisions"}],"predecessor-version":[{"id":10363,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10362\/revisions\/10363"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}