Europe in Denial

Among the more glaring weaknesses in European policymaking over the past few years has been the complacency of its political elite. Sadly, today, despite clear evidence that the European political center is crumbling, the European political elite manages to convince itself that this is but a fleeting phenomenon of no great significance. And despite the very real risk that Europe could be drifting towards Japanese-style deflation, the policy reaction of the European Central Bank continues to be too little too late.

Tectonic changes are occurring in European politics. In last month’s European parliamentary elections, close to 30 percent of the European electorate voted for an assortment of political parties that are openly hostile to the European project. At the same time, parties at the political extremes that were barely on the scene some three years ago continued to make gains and now constitute a real threat to parties in the political center. Even in a country like Spain, where three years ago the two center parties enjoyed an 80 percent majority, today they poll less than 50 percent of the vote.

Click here to view this entire article online at The American.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Desmond
Lachman

What's new on AEI

Rebuilding American defense: A speech by Governor Bobby Jindal
image Smelling liberal, thinking conservative
image Stopping Ebola before it turns into a pandemic
image All too many reasons for pessimism about Europe
AEI on Facebook
Events Calendar
  • 20
    MON
  • 21
    TUE
  • 22
    WED
  • 23
    THU
  • 24
    FRI
Monday, October 20, 2014 | 2:00 p.m. – 3:30 p.m.
Warfare beneath the waves: The undersea domain in Asia

We welcome you to join us for a panel discussion of the undersea military competition occurring in Asia and what it means for the United States and its allies.

Event Registration is Closed
Tuesday, October 21, 2014 | 8:30 a.m. – 10:00 a.m.
AEI Election Watch 2014: What will happen and why it matters

AEI’s Election Watch is back! Please join us for two sessions of the longest-running election program in Washington, DC. 

Event Registration is Closed
Wednesday, October 22, 2014 | 1:00 p.m. – 2:30 p.m.
What now for the Common Core?

We welcome you to join us at AEI for a discussion of what’s next for the Common Core.

Thursday, October 23, 2014 | 10:00 a.m. – 11:00 a.m.
Brazil’s presidential election: Real challenges, real choices

Please join AEI for a discussion examining each candidate’s platform and prospects for victory and the impact that a possible shift toward free-market policies in Brazil might have on South America as a whole.

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.