The euro crisis could quickly transform the European Union into a federal Europe, which is exactly what its designers planned, predicted British historian Niall Ferguson in an interview published in the Sunday Times on May 20 with the title “One Nation (Under Germany).”
“I am not a federalist,” said Ferguson. “But the costs of the single currency disintegrating are really so high and would impact so many people, that the only responsible thing for me to do is to argue urgently for the next step to a federal Europe. I see no alternative at the moment that isn’t a great deal worse.”
