Martin Wolf

“Perhaps future historians will consider Maastricht a decisive step towards the emergence of a stable, European-wide power. Yet there is another, darker possibility ... 

The effort to bind states together may lead, instead, to a huge increase in frictions among them. 

If so, the event would meet the classical definition of tragedy: hubris (arrogance), ate (folly); nemesis (destruction).”

I wrote the above in the Financial Times almost 20 years ago.

My fears are coming true.

Martin Wolf

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