Bericht der EuroMemo Group, 30.1.2018 (engl. Originalfassung)
Nearly ten years into the crisis, after the EU opted for austerity and deregulation, the member states are still looking for the way out. In vain has the EuroMemo Group warned against the dangers that are inherent in the architecture of the Economic and Monetary Union (EMU). The repercussions include the rise of ultra-right wing political forces across Europe which feeds into the anti-European popular sentiment they cultivate. Exiting the EU has been gaining ground and will soon be the case for Britain. This represents a turning point in the history of the EU, against an 'ever closer union'.
Can the EU still be saved? This is a difficult question indeed. The White Paper on the Future of Europe produced by the European Commission details five scenarios. However, these tend to overlook inherent tensions in Europe, e.g. heightened insecurity relating to labour markets, the role of finance in the post-crisis era, and the rise of a subaltern class across Europe. The EuroMemorandum 2018 critically analyses recent developments in Europe and emphasises the strong need for alternative policies. The economic system imposed in the aftermath of the crisis must be changed through a shared European process. A multi-level governance model combining action at the European scale with that of individual governments is needed. The main challenge will be to identify key elements of such a strategy and to build the necessary alliances. The future of European integration will depend on the deepening of democracy in the interests of stability, solidarity and social justice.
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