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2015-09-26

Soros:Europe now faces at least five crises at the same time, Ukraine Losing it would cause irreparable harm: it could create a failed state of more than 40 million people

Because of the structural defects of the euro, the European authorities have had to become masters of the art of muddling through one crisis after another. 

This practice is popularly known as kicking the can down the road although it would be more accurate to describe it as kicking the can uphill so that it keeps coming back. 

But Europe now faces at least five crises at the same time: four internal ones—the euro, Greece, migration, and the British referendum on whether to remain in the EU—and an external one, Russian aggression against Ukraine. 

Both the public and the authorities are overwhelmed. 


http://www.nybooks.com/articles/archives/2015/oct/08/ukraine-europe-what-should-be-done/

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