[…] the architects of the euro assumed that it would foster political unity, in much the same way as some couples think that having a baby will help to save their marriage.
That’s Felix Salmon, writing about the future of European cooperation. It’s an interesting article throughout.
Greece’s situation is serious on it’s own, and given that other countries are weighed down by large budget deficits, it could very well spread. It’s difficult to predict what that would mean for Europe. I think the next decade will bring substantial changes – the drive towards an ever closer union has, for better or worse, suffered a weakening blow.