Joseph S. Nye, who describes the situation as “present day Europe having seizures of over-optimism and Euro-pessimism consecutively,” also draws attention to another dimension of the problem...a failing Europe is the issueat hand in the new geopolitical order...

Europe’s mastery of soft power seemed destined to eclipse military might in the post-Cold War age. The building of a continent “whole and free”...These days the European dream seems to be turning into a nightmare. The prospect of the euro’s collapse.

The early 2000s did feel like the European moment... In this magazine in 2004, Parag Khanna described the "stylish" European Union as a "metrosexual superpower" strutting past the testosterone-fueled, boorish United States on the catwalk of global diplomacy.

For the last twenty years the EU’s main foreign policy occupation has been teaching other how to live and making them want what the EU wants. This foreign policy model was reaching its limits already before the crisis as it was hitting the limits of cultural fascination with Europe...

Many Europeans realize that their futures are being increasingly dictated by Germany and France...There is grumbling across the continent and an anti-German tone to street protests in Greece..."This crisis is profoundly transforming European integration"

Yes, Germans will grumble aboout being on the financial hook for their profligate cousins down south,...But Berlin will ensure that it happens. With great financial responsibility comes even greater power. Merkel now has the opportunity to recreate Europe in Germany's image.

Because being "pro-Europe" is a faith cult rather than a policy, its adherents dare not raise a peep of protest at its outrages. Not for the first time in Europe's history, a centralised superstate stalks the continent with a retinue of uncritical appeasers unable to see the wood for the tax-free salaries.