Europe: A Union Endangered

Will Europe pull together or come apart? We’ll look at stakes and consequences.

A man passes close to a stock exchange board monitor inside a bank in Milan, Italy.  Worries that Europe's debt crisis will spread to Italy and Spain weighed on markets . (AP)

A man passes close to a stock exchange board monitor inside a bank in Milan, Italy. Worries that Europe's debt crisis will spread to Italy and Spain weighed on markets . (AP)

Everybody’s trying to figure out how to save their economy. The wild card in the deck right now is Europe. Just how wild is the question.

Part of it is about dreams. The dream of European union – which we’d come to see as settled fact – is back on the table. Part of it is about culture and politics. Can you put Germans and Greeks in the same pot and keep them there forever? Part of it is about fear of calamity. If Europe can’t find its fiscal footing, will it take down world banks, world markets, the struggling US economy?

This hour On Point: the trouble with Europe.

-Tom Ashbrook


Nicholas Kulish, Berlin bureau chief for the New York Times.

Jan Randolph, Director of Sovereign Risk, for the international consultancy IHS Global Insight.

Scheherazade Rehman, is Director of the European Union Research Center and a professor of International Finance and Business at George Washington University.

From Tom’s Reading List

The Wall Street Journal “The world’s leading central banks joined forces to offer Europe’s beleaguered banks easy access to dollars Thursday, acting to quell fears that the region’s lenders could fall victim to the euro-zone’s government debt crisis.”

Financial Times “Yet even if the European Union and International Monetary Fund pay up as expected, the funds may still not be enough to keep the country afloat.”

Associated Press “German Chancellor Angela Merkel says that “if the euro fails, Europe fails.” But as the debt crisis intensifies, the leader of Europe’s biggest economy is sticking to a course of gradual action that markets are losing faith in and refuses to take the radical measures some say are needed to keep the currency afloat.”

Please follow our community rules when engaging in comment discussion on this site.
Oct 8, 2015
In this Aug. 2, 2012 file photo, local newspapers show stories about the controversial strategy to bail the government out of a financial hole, at a restaurant along Seven Mile Beach on the outskirts of George Town on the Cayman Islands. The Cayman Islands have lost some of their allure by abruptly proposing what amounts to an income tax on expatriate workers who have helped build the territory into one of the most famous or, for some people, notorious offshore banking centers that have tax advantages for foreign investment operations. (AP)

Trillions of dollars are now stashed in protected tax havens around the world, leaving societies’ bills to those at home. We’ll dig in.

Oct 8, 2015
US singer Patti Smith performs during the Way Out West music festival in Gothenburg, Sweden, Saturday, Aug.15, 2015.  (AP)

Iconic rocker, poet of punk, and National Book Award-winning author Patti Smith joins us to talk about her new memoir, “M Train”.

Oct 7, 2015
Students in the new documentary film "Beyond Measure" take part in a project-based learning activity with their peers. (Courtesy the Filmmakers)

Arne Duncan’s headed out as U.S. Education Secretary. What’s next for America’s school kids?

Oct 7, 2015
The Doctors Without Borders trauma center is seen in flames, after explosions near their hospital in the northern Afghan city of Kunduz. Doctors Without Borders announced that the death toll from the bombing of the group's Kunduz hospital compound has risen to at least 16, including 3 children and that tens are missing after the explosions that may have been caused by a U.S. airstrike.  (AP)

The U.S. airstrike on the hospital in Kunduz. The top U.S. commander in Afghanistan faces tough questions from Congress. We’re looking for what really happened.

On Point Blog
On Point Blog
Rep. Daniel Webster: ‘I’m Gonna Sell This Message’
Tuesday, Oct 6, 2015

When House Speaker John Boehner (R-OH) announced his retirement and resignation from his position last month, it surprised both his Party and the Washington political establishment.

More »
Our Week In The Web: October 2, 2015
Friday, Oct 2, 2015

We say hello again to our email address (since so many of you did this week) and goodbye to the Log Lady.

More »
Interview With Sen. Bernie Sanders: ‘Count Me As A Radical’
Thursday, Oct 1, 2015

Vermont Sen. Bernie Sanders is making waves in the 2016 Presidential race, and he joined us today from the US Capitol to explain how his campaign message is connecting with voters around the country.

More »