Must Read

PrintPrint EmailEmail ShareShare CiteCite


Financial Times: Watch Out for the Rise of a European Tea Party

Author: Gideon Rachman
October 21, 2013


"Next year's elections to the European parliament also look like a possible breakthrough moment for a European Tea Party. The parliament has traditionally been the most federalist institution in Europe, acting as a lobby group for the transfer of more powers to Brussels. But next May's elections are likely to show a surge in votes for eurosceptic parties across the continent."

America's debt-ceiling crisis achieved something quite remarkable. It made the EU look well governed by comparison. Both the EU and the US systems are weighed down with checks and balances that make it hard to get things done. But Europe currently has one thing going for it that America lacks. All the most important decision makers in Brussels are committed to making the system work. There are no Tea Party types who regard compromise as a betrayal.

This broad centrist consensus was an unacknowledged strength of the EU throughout the euro crisis. Although it became routine to complain that European leaders always do "too little, too late", the markets also realised that – even if Europe's leaders did not get it right first time – they would just reconvene, at yet another emergency meeting, and keep bashing away at the problem. The fact that all 28 national leaders at EU summits are committed to working together is crucial in keeping the euro alive.

Full Text of Document

More on This Topic


Meet the New Boss

Author: Steven A. Cook
Foreign Policy

Steven A. Cook says the news may look grim, but the United States is poised to remain the dominant power in the Middle East.


Arab Spring, Turkish Fall

Author: Steven A. Cook
Foreign Policy

Steven A. Cook argues that at a moment of unprecedented change in the Middle East, Turkey is falling far short of being a regional leader.


After the Arab Spring

Author: Steven A. Cook

Steven A. Cook warns that as violence worsens in Libya, Bahrain, Yemen, and Syria, dreams of a democratic Middle East may be more of a...