Vision of strong Europe crumblingVision of strong Europe crumbling
Europe's long march toward unification has faltered, and its political leadership and economic policies are in doubt.
"Anybody who is in favor of growth in the U.S. cannot look at the events in Europe and say, 'Oh, gee, it doesn't really matter,' " said economist Adam Posen, in a gloomy assessment delivered last week to a think-tank crowd pondering the question, "Whither Europe?" Declared Posen, "This is bad news."
It wasn't too long ago that the vision of a robust, unified, European "counterweight" to the U.S. was a hot topic in foreign policy circles.
Georgetown Professor Charles Kupchan wrote a book on that theme three years ago. But at a briefing the other day, Kupchan predicted a 75% chance "that the EU is going to remain weak, decentralized and confused for the foreseeable future."
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