ND Expert: Predicted demise of EU rings true with Greece’s recent financial woes | News | Notre Dame News | University of Notre Dame Liquid error: internal Skip To Content Skip To Navigation Skip To Search University of Notre Dame Notre Dame News Experts ND in the News Subscribe About Us Home Contact Search Menu Home › News › ND Expert: Predicted demise of EU rings true with Greece’s recent financial woes ND Expert: Predicted demise of EU rings true with Greece’s recent financial woes Published: June 17, 2011 Author: Liquid error: internal In the midst of Greece’s first financial collapse that shook the European Union one year ago, University of Notre Dame Political Scientist Sebastian Rosato predicted then that the financial crisis was only a symptom of a much deeper issue. In his recent book “Europe United: Power Politics and the Making of the European Community,” Rosato warns of a troubled future for the entire European Union (EU). “The Europeans failed to build a military to challenge the United States, despite lofty rhetoric to the contrary,” says Rosato. “They failed to pass a constitution. And they have been slowly eviscerating the single market and single currency.” “Simply put,” he says, “the European Community’s best days are long gone—and there is worse to come.” Fast forward to June 2011: Greece is once again on the brink of financial collapse, citizens are rioting against austerity measures, and Prime Minister Papandreou is considering resignation. “Crises like the one in Greece are virtually inevitable given the structure of the EU,” Rosato says. “Indeed, most economists agree that the only way to avert further crises is for the Europeans to create a European super state. If Europe looked more like the United States of America, then events like the Greek crisis would not arise.” “The problem is that there is no appetite for building a super state in Europe,” Rosato says, because the big driver of union—the Soviet Union—died 20 years ago. “In retrospect, the failure to build a European military force, the failed constitution and the fraying of the economic union are all evidence that no one wants to build a ‘United States of Europe’.” What this means is that “there are going to be more crises, perhaps in larger economies like Italy, Spain and Portugal down the road,” Rosato explains. “The EU may survive the Greek crisis, but when one of the bigger economies runs into trouble all bets are off.” Media advisory: Professor Rosato’s comments may be used in whole or in part. He can be reached at 574-631-0378 or srosato@nd.edu Posted In: International Home Experts ND in the News Subscribe About Us Related September 30, 2022 Nanovic Institute to welcome former President of Croatia Kolinda Grabar-Kitarović September 29, 2022 Notre Dame, Ukrainian Catholic University launch three new research grants September 27, 2022 Notre Dame, Trinity College Dublin engineers join to advance novel treatment for cystic fibrosis September 14, 2022 Apostolic nuncio to Great Britain to deliver the 2022 Keeley Vatican Lecture September 12, 2022 Can you tell me how to get to Sesame Street … in different countries? For the Media Contact Office of Public Affairs and Communications Notre Dame News 500 Grace Hall Notre Dame, IN 46556 USA Facebook Twitter Instagram YouTube Pinterest © 2022 University of Notre Dame Search Mobile App News Events Visit Accessibility Facebook Twitter Instagram YouTube LinkedIn