« 'What’s Driving Medical-Care Spending Growth?' | Main | 'The Four Big Flaws in Progressive Attacks on Keynesianism' »

Monday, March 11, 2013

'The Monetary Union has Always been about Forging Peace'

Spiegel interviews Luxembourg prime minister and former Euro Group chief Jean-Claude Juncker:

... SPIEGEL: For eight years, you were a kind of informal president of the monetary union. When you take stock of your accomplishments during this period, don't you have to admit that Europe has tended to drift apart rather than become more close-knit?
Juncker: For my generation, the monetary union has always been about forging peace. Today, I notice with a certain sense of regret that far too many Europeans are returning to a regional and national mindset.
SPIEGEL: What do you mean by that?
Juncker: The way some German politicians have lashed out at Greece when the country fell into the crisis has left deep wounds there. I was just as shocked by the banners of protesters in Athens that showed the German chancellor in a Nazi uniform. Sentiments suddenly surfaced that we thought had been finally relegated to the past. The Italian election was also excessively anti-German and thus un-European.
SPIEGEL: You're exaggerating. No one today seriously doubts peace and friendship in Europe.
Juncker: That's true. But anyone who believes that the eternal issue of war and peace in Europe has been permanently laid to rest could be making a monumental error. The demons haven't been banished; they are merely sleeping, as the wars in Bosnia and Kosovo have shown us. I am chilled by the realization of how similar circumstances in Europe in 2013 are to those of 100 years ago. ...

SPIEGEL: The young generation tends to tune out when Brussels politicians lecture them again about the trenches of Verdun.

Juncker: Indeed, we can't completely rely on the aberrations of history to explain today's European necessities. Future-related issues are no less pressing. By the middle of this century, Europe will comprise only a good 7 percent of the world's population. Already today, over 80 percent of economic growth comes from other regions of the globe. A united Europe is our Continent's only chance to avoid falling off the world's radar. The heads of government of Germany, France and the United Kingdom also know that their voice is only heard internationally because they speak through the megaphone of the European Union. ...

Do the heads of these countries know that "their voice is only heard internationally because they speak through the megaphone of the European Union"? I'm not so sure that they do. As for the sleeping demons, comments on this? Are they a real threat?

    Posted by on Monday, March 11, 2013 at 12:05 PM in Economics, Politics | Permalink  Comments (116)


    Feed You can follow this conversation by subscribing to the comment feed for this post.