“In the long-term, the loss of control over the budget and banking sector would leave the nations under the authority of an external force - a concept that threatens the very existence of the nation state as we know it today. This key contradiction between EU integration and national sovereignty undermines the European project from its foundations.”
Stratfor analyst Adriano Bosoni discusses the political tension at the core of the European financial crisis: the member states’ struggle to integrate fiscally and maintain national sovereignty.
The European Crisis and National SovereigntySTRATFORvideo – June 14, 2012
For more analysis, visit: http://www.stratfor.com
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