Monday, August 10, 2015

Rule-Breaking Jan-Werner Müller writes about the problems of the Eurozone

Never before have the struggles among national elites been as visible to the public as they were in the early weeks of this summer, when Greece almost left – or was made to leave – the Eurozone. Never before has an assertion of national popular will, as expressed in the Greek referendum of 5 July, been flouted so thoroughly and so quickly by the enforcers of European economic orthodoxy. (There was an interval of two and a half years between the French and Dutch ‘No’ to the EU treaty in the spring of 2005 and the adoption of the Lisbon Treaty, which retained most of the constitution the French and Dutch had rejected, in December 2007.) Never before have the flaws of the Eurozone been so clearly exposed. We can expect more Greek drama before too long: the real struggle over the Eurozone – and the EU more broadly – is just beginning. If nothing else, Alexis Tsipras has demonstrated to the world that the Eurozone does not operate according to a system of rules but on the basis of ad hoc deals between national governments. The continuation of such a system risks a resurgence of the nationalism that the creation of the EU was meant to extinguish....

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