Domino effect hits Europe

Press quote (RIA Novosti)
24 November 2010

Charles Grant, director of the authoritative British think-tank, the Centre for European Reform, argues that the Europeans will have no option but to rebuild the EU on Germany's federative model. The Germanic nations, including the Austrians, the Dutch and the Scandinavians, will be only too glad to see that happen, enthusiastic as they are about Berlin's on-going efforts to restore order to the eurozone. Other EU nations are displaying distinct resistance to this prospect of German domination. But Grant predicts that France, Europe's second largest economy, will eventually fall into line. Otherwise, Berlin may just turn its back on the European club, and team up with Russia and China, leaving the EU without its strongest player.