Europe: A weakened West
Five years ago, Europe’s leaders faced a single dominant threat in the euro crisis. Thanks to the resilience of Europeans, Germany’s determination to keep things on track and the pledge from Europe’s central banker to stabilize the euro zone by any means necessary, that crisis was resolved.
But in 2016, Europe will face a much wider variety of problems—without the unifying sense of crisis needed to forge collective action. Greece’s financial troubles will enter a new phase this year as its leftist, Syriza-led government struggles to navigate creditor demands, opposition attacks and frustrated voters. Spain’s government must negotiate away secessionist threats from Catalans. A skeptical Britain will vote on its European future.
Europe: A weakened WestFive years ago, Europe’s leaders faced a single dominant threat in the euro crisis. Thanks to the resilience of Europeans, Germany’s determination to keep things on track and the pledge from Europe’s central banker to stabilize the euro zone by any means necessary, that crisis was resolved.But in 2016, Europe will face a much wider variety of problems—without the unifying sense of crisis needed to forge collective action. Greece’s financial troubles will enter a new phase this year as its leftist, Syriza-led government struggles to navigate creditor demands, opposition attacks and frustrated voters. Spain’s government must negotiate away secessionist threats from Catalans. A skeptical Britain will vote on its European future.
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