Across the eurozone, political leaders are entering a state of paralysis: citizens want to remain in the EU, but they also want an end to austerity and the return of prosperity. So long as Germany tells them they can’t have both, there can be only one outcome: more pain, more suffering, more unemployment, and even slower growth
The rise of extreme populism in Europe is coming at the expense of traditional centre-right and centre-left parties and putting the European Union at risk. But the populist threat could induce a restructuring of European politics that ultimately bolsters the EU’s legitimacy
