Wednesday 22 February 2017

David McWilliams: EU now being threatened by its own central bank

Published 04/05/2011 | 05:00

IN the late 1980s, while studying at the College of Europe in Bruges, I was struck by just how pragmatic the European project appeared to be.

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Many of the lecturers and professors were deep EU "insiders" -- distinguished academics from all over Europe who had excelled in their own fields. They seemed to be the pinnacle of cosmopolitan sophistication, enlightened and aware of the various strands that had to be pulled together carefully to make the EU work.

Back then, any moves towards more European power were characterised by patience and prescience -- a little move here, a pull back there, never overplaying the hand and, above all, the entire process seemed to be non-ideological.

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