Europe adrift

Europe adrift
Brexit is a symptom of the European Union’s internal disarray. In quick succession, the debt crisis, the Ukraine crisis and the migration crisis all challenged centralist visions of ever-deeper integration and soft-power expansion. The political mainstream’s abandonment of traditional values spurred a voter revolt toward populist movements. This turn inward comes as the rules-based order the EU embodies is coming apart globally.

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Cartoon by GIS

Opinion: The EU won’t let a good crisis go to waste

The Covid-19 crisis presented EU leaders with an opportunity to regain popularity by handing out billions of euros in aid. Doling out such huge sums is sure to weaken the market by emphasizing bureaucratic activity over competition and innovation. For now, the EU’s problems have been papered over, but when the bill for inefficiency comes due, it could be a tragic moment for the European project.

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