Excellent interview with Fukuyama in today’s Guardian (G2, pp 7-9). The following statement particularly resonated with me.
“Collectively it seems to me that the EU is in big trouble,” he says. “They basically let in a whole bunch of countries that they shouldn’t have. There’s no mechanism for disciplining them once they’re in and there’s no exit strategy.” He doesn’t understand why Greece, Ireland and Portugal are submitting to the euro straitjacket. “The policy which is now being dictated out of Berlin is crazy. There’s just no way those countries are going to grow with a strong currency and an austerity policy that stretches out for years into the future. They’ll have to consider coming out.”
The interview is by Stephen Moss.