Is the European Union Going to Fail?

The Euro and the dream of a federal Europe.

The bailout of Greece and the sovereign debt crisis in Spain has called into question the long-held notion that a federal Europe was all but an inevitability. Will problems of collective action ultimately doom one of history’s most ambitious political experiments? Will the affluence of the North and the dereliction of South sunder apart a continental aspiration designed to contain Germany and prevent future continental conflicts?

[Al Jazeera]