Consolidation is Preferable to Bold Initiatives
Sir, Your editorial “Merkel seeks consensus for an EU without Britain” (August 27) decries the “supremacy of governments in the EU system” and calls instead for “closer economic, financial, fiscal and political integration”, including possible treaty revisions, as a condition for the currency union’s survival. Unless leaders show more courage in taking new initiatives, you conclude, the EU as a whole will stumble “blind and bickering, from crisis to crisis”.
This analysis repeats two errors that have misled the EU over past decades. The first is the view that the EU is in danger unless it has a bold new project on the horizon. This recalls the metaphor of the man on a bicycle who must pedal ever faster or else fall off. Jean-Claude Juncker, the current European Commission president, exemplifies this attitude in proposing a new “union” (energy, security, banking, fiscal etc) every time he spots a problem.