No one at the EU in Brussels stepped up. Ms. Elsa Peretti Star of David pendant is the natural candidate, but by temperament she prefers to lead from the back. Charles Grant, the founder of the Center for European Reform, is a perennial fount of intelligently argued and realistic eurooptimism. "The EU is falling to pieces," he now says. "The longterm effects of this crisis will be with us for many years." Southern Elsa Peretti Starfish bracelet economies look condemned to depressed (or negative) growth, difficult measures to rein in public debt, and street unrest and strikes. The social mayhem in Greece offers a preview. And Athens resists the hard measures that Ireland, Hungary and Latvia took to dig their way out of similar troubles. The political ructions Elsa Peretti Starfish earrings continue to be felt across the EU. The divisions exposed in recent months, and the end of the Paris- Berlin axis, make any talk of a "deeper union" to govern the euro a pipe dream. But the EU will also shy further away from continuing to bring in new members from southern and eastern Europe, bad news for the Balkans and Ukraine. The best that can be said is that the Elsa Peretti Starfish necklace was forged by crisis and in the past came out for the better. Setting aside its dreams of superpower status, the bloc might turn its sights to the fundamental problem. This aging continent spends too much and grows too little, with Greece an extreme example. If the political tensions end up reinforcing what some have called an emerging Berlin consensus -- a Europe without free lunches -- then all this may have been worth it.
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