Merkels European Strategy Did not Just Fail, It Failed Spectacularly

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The Greek crisis might be making all the headlines, but it is not what threatens the survival of the European integration project.

“The greater danger arises from the fatigue, exposed by the years of political imbalance – not only between Greece and the others, but across the EU,” Müller noted, adding that the EU might be close to a point of no return.

A succession of European summits in June has revealed the true state of the EU: it is a “hopelessly overburdened and divided” entity, according to the economist.Indeed, the challenges Europe faces are monumental: from the unprecedented amount of refugees coming in endless and ever potent waves, Islamic radicalism wreaking havoc with its acts of terror, the early stages of an arms race with Russia, the protracted and seemingly unresolvable Greek crisis and a real danger of the UK leaving the union.

Cameron’s Balancing Act

What has Brussels offered to solve the burning issue gnawing on the EU? In one word: not enough. Müller described the bloc’s decision making process as plagued by “helplessness, cowardice, selfishness.”

“There is a real threat of Europe collapsing and Germany, whom the Economist called the ‘reluctant hegemon,’ is letting it happen,” the journalist pointed out.

Merkel’s strategy is two-fold, according to Müller. She stands for economic recovery through improved competitiveness of individual member states and the return of power to the Eurozone members. It could have seemed to be the path of the least political risk for the chancellor, but it created an impossible situation in the long run.

As a result of the economic strategy, endorsed by Berlin, living conditions of Europeans have hardly improved. Enormous private and public debts are the key obstacle to growth. But unlike the US or the UK, the Eurozone has no mechanism to deal with this issue. It has not been developed not least since the German government was against.

Read more at Sputnik News >>>

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Gordon Duff posted articles on VT from 2008 to 2022. He is a Marine combat veteran of the Vietnam War. A disabled veteran, he worked on veterans and POW issues for decades. Gordon is an accredited diplomat and is generally accepted as one of the top global intelligence specialists. He manages the world's largest private intelligence organization and regularly consults with governments challenged by security issues. Duff has traveled extensively, is published around the world, and is a regular guest on TV and radio in more than "several" countries. He is also a trained chef, wine enthusiast, avid motorcyclist, and gunsmith specializing in historical weapons and restoration. Business experience and interests are in energy and defense technology.