There is uproar against the euro currency in some countries (photo: dpa)

The EU and the euro are easy targets in political blame-game

Politicians are using the European Union and the euro currency to raise their profile and popularity by blaming them for national ills. This scapegoating diverts attention from the real issues. But Europe’s politicians lack the courage and vision in the short term to take the major step to leave the EU or the euro currency.

<i>Eurosceptics are becoming more vociferous as economic growth in Europe is virtually zero and fears loom about possible future crises. Public opinion in some EU countries, such as the UK, blames the EU’s entire regulatory architecture. In others, like Italy, France and Greece, critics are more inclined to blame the euro and advocate a system of national cur...

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Professor Enrico Colombatto
We believe it is unlikely that a country will quit the euro spontaneously, regardless of public opinion, given the presence of institutional inertia and the lack of political courage
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