Tag: European Union

Zürich +70: Churchill on Europe

Zürich +70: Churchill on Europe

Zürich, 19 September 1946

Scarce­ly more than a year since fight­ing had end­ed in Europe, Churchill spoke at Zürich Uni­ver­si­ty. There he stunned his audi­ence with words that per­haps only he was able to say at that time:

I am now going to say some­thing that will aston­ish you. The first step in the re-cre­ation of the Euro­pean fam­i­ly must be a part­ner­ship between France and Ger­many. In this way only can France recov­er the moral lead­er­ship of Europe. There can be no revival of Europe with­out a spir­i­tu­al­ly great France and a spir­i­tu­al­ly great Ger­many.…

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Greece and the European Union

Greece and the European Union

Greece’s Debacle

A friend sends James K. Gal­braith‘s thought­ful arti­cle, “From the Destruc­tion of Greece to Democ­ra­cy in Europe” (Boston Globe, 22 August):

Last year’s third bailout of Greece, imposed by Europe and the Inter­na­tion­al Mon­e­tary Fund, does to Greece what Ver­sailles did to Ger­many. It strips assets to sat­is­fy debts….a quag­mire of graft to sup­port an illu­sion that Greece could “com­pete” as part of the euro. Already in 2010 the IMF knew it was break­ing its own rules by pre­tend­ing that Greece could recov­er quick­ly, sus­tain a huge pri­ma­ry sur­plus, and repay its debts….…

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Brexit: Britannia Waives the Rules

Brexit: Britannia Waives the Rules

Brex­it after­math. In vot­ing to leave the Euro­pean Union, Britain has opt­ed to become anoth­er Nor­way. One of the most pros­per­ous and con­tent­ed coun­tries in the world, Nor­way does fine with its own laws, cur­ren­cy, and trade agree­ments, includ­ing a good one with the EU. It is hard­ly a bad mod­el.

Short-term Troubles

The gnash­ing of teeth over the upset Brex­it vic­to­ry resounds around the world. For awhile, chaos will attend finan­cial mar­kets, and the pound will take a dip (boost­ing British exports).

The Scots vot­ed against Brex­it, though not in the num­bers pre­dict­ed. Many vot­ed “Remain” because they feared Brex­it would mean anoth­er Scot­tish inde­pen­dence fra­cas.…

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