The European Union-once coveted by European elites as a rival to America's global hegemony is fast teetering on the abyss of disintegration. Three recent events have fused to unleash irrepressible nationalistic forces that have hurtled the Union towards this earth-shattering moment of truth. Europe's failure to fashion a durable response to the volcanic ash crisis that temporarily grounded airplanes across the continent, exposed deep fissures amongst European countries, as national governments forsook EU directives and grappled to save their cash starved airline carriers. Equally callous was Europe's dithering reaction towards the bailing out of Greece and saving the Euro. By the time Europe's leaders mustered enough strength to surmount public anger and put together an aid package for Greece, the money markets assisted by the American vultures (hedge funds and Credit rating agencies) preyed on weak PIGS (Portugal, Ireland, Greece and Spain). Portugal and Spain now...
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