Who can save the EU now?

“A picture tells more than a hundred words.”

So I put my thoughts into two pictures.

Europe before 2008: all healthy, one sick.

Europe has never been a union: when nations ceded their monetary authority to the EU they intensified the only remaining tool at hand: fiscal competition.
And they laughed about the “sick man of Europe”: Germany.

After 2008, Europe fails to be a union again: nations refuse to bear their historical dividend from the previous fiscal competition and remind one of their saviors of its history.

After 2008, Europe fails to be a union again: nations refuse to bear their historical dividend from the previous fiscal competition and remind one of their saviors of its history.

Today, I am really afraid that the dream of a European Union will be shattered on a wall of national interests and irrational bargains.

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