What is the European Union For?

OffGuardian

by Frank

GREECE-EUROZONE-FINANCE-ECONOMY

After all the initial eu(ro)phoria and hopes placed upon the original concept of a non-aligned, social-democratic Euro-bloc, the reality has turned out somewhat differently.

In a pamphlet written in 2011 – Europe: The Unfinished Project – I wrote:

At the present time the EU project seems to be stuck in no-man’s land, unable to press ahead with full political integration, or retreat back into a northern European protectionist Deutschmark zone, and leaving the peripheral member states to the tender mercies of unfettered, globalized capitalism. However there seems to be a sufficient residue of the original EU idealism in the present stage of development to persevere further with the political struggle taking place.” Ibid, page 19

I believe that this view, which seemed justifiable and plausible enough at the time of writing, has now become difficult to sustain. And the reason for this came in the next sentence, viz.

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