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You searched for: Content Type Journal Article Remove constraint Content Type: Journal Article Publishing Institution Center for the National Interest Remove constraint Publishing Institution: Center for the National Interest Political Geography Europe Remove constraint Political Geography: Europe Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic Security Remove constraint Topic: Security
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  • Author: Jakub Grygiel
  • Publication Date: 08-2013
  • Content Type: Journal Article
  • Journal: The National Interest
  • Institution: Center for the National Interest
  • Abstract: THE EUROPEAN Union's unfolding crisis tends to be seen as purely economic in nature and consequence. The EU is a common market, with a common currency adopted by most of its members and with fiscal problems of one kind or another facing almost all of its capitals. Most analyses of the euro crisis focus, therefore, on the economic and financial impact of whatever “euro exit” may occur or of a European fiscal centralization. In the worst case, they project a full-fledged breakup of the common currency and perhaps even the EU itself. Not much can be added to this sea of analysis except a pinch of skepticism: nobody really knows the full economic impact, positive or negative, of such potential developments. In fact, not even European leaders seem to have a clear idea of how to mitigate the economic and political morass of the Continent. While it is certain that the EU of the future will be different, it isn't clear just how. If we look at the current situation of the EU from a security perspective, however, it becomes much more difficult to foresee any long-term positive outcome. That's because the euro troubles of today will have powerful negative effects on the security of the region, resulting in challenges that will preoccupy Europeans as well as Americans in the years to come.
  • Topic: Security, Economics
  • Political Geography: America, Europe