With Europe on the brink of a disaster, the euro must be reconstituted as an entity based on economic reality, not ideological folly.
Crisis: the Franco-German partnership which lies at the heart of the European project is fracturing as never before Photo: AFP
7:49PM BST 21 Oct 2011
140 Comments
Yet again, Europe stands on the brink of abject disaster, apparently unable to resolve its differences. A monetary union that was meant to bring former enemies together, binding them to each other via irreversible economic integration, is succeeding only in tearing them apart. It is a crisis that this newspaper has consistently warned of since the single currency’s creation; it gives no pleasure to see our predictions come true. Read rest of the article here.
