The European Union was always a paradox. Its existence was predicated entirely on the notion of German guilt, translating into massive cash transfers east and south. Just as Versailles was supposed to have restrained Germany, then a divided, postwar Germany, then NATO integration and the common Soviet enemy, and then the EU — and now what next?
There was quite a EU veneer placed over the politically incorrect “German Problem.” Most of us listened in disbelief as we were lectured that veritable disarmament, subsidized windmills, reach outs to a Syria or Libya, easy anti-Americanism, and sermons about cradle-to-grave socialism were the way of the new Europe. And always came the grating condescension, that a self-appointed bureaucratic class in Brussels might lecture Neanderthals what was good for them, without worry over democratic checks and balances.
In understandable fear of cannibalizing Europe yet a third time within a century’s span, European academics and elite functionaries had taken a perfectly understandable notion of a European common market and transmogrified it into an anti-democratic, utopian, and utterly unworkable European Union. Was the euro supposed to trump the laws of Economics 1A, simply because it was constructed as something moral?