The Times has an article on the massive discontent spreading across Germany in the wake of Chancellor Schroeder’s promises not to raise taxes and fears about European integration.
The EU is based on some fairly good ideas, but the implementation was done in an undemocratic and slapdash way. It’s not surprising that the Germans who never got to vote on the adoption of the Euro are now ready to reject it. Nor will nations like France and Germany be able to maintain their economic health sufficiently to keep within in the limits set by the Maastricht Treaty without jettisoning their expensive social welfare systems.
In the end, either the EU will have to break its own rules, or it will collapse. Either way, the longterm prospects for the EU do not seem to be good. All we need is for the Germans to start looking for scapegoats for their troubles, and the seed of yet another worldwide conflict could be laid.