International security/ Growing fragmentation of Europe
There
are then three drivers in Europe now. One is the desire to control borders —
nominally to control Islamist terrorists but truthfully to limit the movement
of all labor, Muslims included. Second, there is the empowerment of the
nation-states in Europe by the European Central Bank, which is making its
quantitative easing program run through national banks, which may only buy
their own nation's debt. Third, there is the political base, which is
dissolving under Europe's feet.
The
question about Europe now is not whether it can retain its current form, but
how radically that form will change. And the most daunting question is whether
Europe, unable to maintain its union, will see a return of nationalism and its
possible consequences.
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