Wednesday 18 October 2017

EU conflict is a war between two worlds

Tomas Kafka takes a look at the psychology behind Europe's economic crisis and the Merkel/Monti EU summit debate

Tomas Kafka

THE ongoing EU crisis has many facets. A lot has already been written about its fiscal, banking and political character -- but, so far, little has been written regarding its psychological dimension.

This is surprising, since no economy can do without psychology -- we can fix only what we can believe. And our belief may be to the same extent at stake, just like our economies.

Nothing has highlighted this more vividly than the outcome of the most recent European Council.

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