The euro’s reality gap

Europe faces a critical choice between greater integration or disintegration. The gap between the rhetoric of a united Europe and the reality of national interests and politics has always dogged the EU. Until recently, it caused little harm other than to make outside observers disdainful of Europe. However, that gap is proving lethal for the euro. Unless reality is brought into line with rhetoric, the eurozone could unravel.

ESO: Background information: How to cure the euro’s ills http://www.europeansources.info/record/how-to-cure-the-euros-ills/

---