Four great crises around Europe’s fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades.The EU’s unity, solidarity and international standing are at risk from Greece’s debt, Russia’s role in Ukraine, Britain’s attempt to change its relationship with the bloc, and Mediterranean migration.Failure to cope adequately with any one of these would worsen the others, amplifying the perils confronting “Project Europe”.Greece’s default and the risk, dubbed ‘Grexit’, that it may crash out of the shared euro currency is the most immediate challenge to the long-standing notion of an “ever closer union” of European …read more
Source: Egypt Independent
