Europe 2021 – The New Europe.

The Saturday Essay in this weekends Wallstreet Journal features an interesting story about possible developments in the coming years within Europe.
Europe 2021 – The New Europe.

'Life is still far from easy in the peripheral states of the United States of Europe (as the euro zone is now known).' - Map illustration by Peter Arkle

2021: The New Europe

BY NIALL FERGUSON

Welcome to Europe, 2021. Ten years have elapsed since the great crisis of 2010-11, which claimed the scalps of no fewer than 10 governments, including Spain and France. Some things have stayed the same, but a lot has changed.

The euro is still circulating, though banknotes are now seldom seen. (Indeed, the ease of electronic payments now makes some people wonder why creating a single European currency ever seemed worth the effort.) But Brussels has been abandoned as Europe’s political headquarters. Vienna has been a great success.

“There is something about the Habsburg legacy,” explains the dynamic new Austrian Chancellor …

Read full essay:

  • http://online.wsj.com/article_email/SB10001424052970203699404577044172754446162-lMyQjAxMTAxMDIwNDEyNDQyWj.html?mod=wsj_share_email
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