Sixty years ago, pondering the question of an unruly populace, the German playwright Bertolt Brecht mused, “Would it not be easier / In that case, for the government / To dissolve the people / And elect another?”
It was a rare piece of ironic criticism of East Germany’s communist regime for Brecht, since he usually supported it. But after the regime’s suppression of a workers’ revolt in 1953, he spoke out. It’s one of his most famed observations, trotted out whenever a populace is ungrateful enough to vote “against their own good.”
European Union politicians can sympathize. They’ve labored for six decades to fashion a union that was supposed to end wars and greatly expand economic markets, not to mention bring former communist states into freedom.
Yet the European people, instead of gratitude, now strain against an institution over which they have little direct say. In one of several recent books that express pessimism over the future of the euro currency, The Fall of the Euro, Jens Nordvig, the head of currency strategy at Nomura Securities, puts it bluntly: “The economic need for further integration is clashing with public sentiment, increasingly opposed to handing over additional functions to European officials.” Nordvig’s pessimism derives from the view that the politicians cannot ensure the EU’s political support, not that the authorities can’t manage the mechanics of the euro.
The British economist and commentator David Marsh is marginally less categorical in his new book, Europe’s Deadlock. He thinks the euro currency may survive, but shrink in footprint. He saw firsthand how skeptical the Germans had become when he took part in a debate in Hamburg in 2009. The audience believed that the euro was irreversible. But when faced with the question of who’d pay for it, the previous majority who had thought that the euro would last forever melted into a small minority.