Elections show Europe's leaders are playing with fire

Attempts to forge ever-closer union could destroy the EU


Not since the ‘double no' in 2005 – when referendums in both France and the Netherlands rejected the proposed European constitution – have voters delivered such a scathing rebuke to their political class. I wrote then that Europe's leaders needed to rethink the pace of integration or risk losing the many benefits already achieved. This might sound like a purely political issue, of tangential interest to risk managers, but it should not be. As with many projects that require