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Financial Turmoil in Europe and the United States by George Soros

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“True Europeans Now Need a ‘Plan B’”
Financial Times, July 13, 2011
 
 
 
 
 
The European Union was brought into existence by what Karl Popper called “piecemeal social engineering.” A group of far-sighted statesmen, inspired by the vision of a United States of Europe, recognized that this ideal could be approached only gradually, by setting limited objectives, mobilizing the political will needed to achieve them and concluding treaties that required states to surrender only as much sovereignty as they could bear politically. That is how the postwar Coal and Steel Community was transformed into the EU—one step at a time, understanding that each step was incomplete and would require further steps in due course.
The EU’s architects generated the necessary ...

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