Inevitable Implosion: European Union v. Democracy -- Nile Gardiner, New York Post
In 2002, former British Prime Minister Margaret Thatcher warned that building a European Union superstate "will seem in future years to be perhaps the greatest folly of the modern era." Less than a decade later, she's being proved right, as the EU faces the biggest crisis in its history.
Last week, Eurozone leaders hammered out a makeshift deal to significantly expand the $600 billion European Financial Stability Fund -- seemingly calming fears of a Greek default on billions in public debt. But on Monday, Greek Prime Minister George Papandreou announced a referendum on the EU's bailout package -- sending shockwaves across the continent and the globe.
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Commentaries, Opinions, And Editorials
Why the Greek referendum controversy is a tragedy in slow motion. -- Nick Malkoutzis, Foreign Policy
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