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...North Korea, the E.U. is either largely invisible or absent," wrote Grant in his essay, provocatively titled "Is Europe Doomed to Fail as a Power?" Lucio Caracciolo, editor of Limes, one of Italy's leading foreign policy magazines, says the problem is a Cold War hangover. The post-World War II period was a golden age for Western Europe, a time of reconstruction under the U.S. security umbrella, he argues. When it ended, Europe went into shock. "We're in denial," Caracciolo says. "We see that the Americans are not interested - to put it mildly - in our interests...

Author: /time Magazine | Title: The Incredible Shrinking Europe | 3/8/2010 | See Source »

...Europe: So What? Start with history. The modern conception of a united Europe was born in the embers of World War II and rested upon the notion that binding Germany's fortunes to those of France and the rest of Europe could end the violence that had regularly engulfed the continent for centuries. Judged by that measure - and notwithstanding the pathetic failure to prevent or quickly end the wars of the Yugoslav succession - the E.U. has worked out fine. For most of that time, its leaders have been happy to concentrate on domestic policies: a single market, a European currency...

Author: /time Magazine | Title: The Incredible Shrinking Europe | 3/8/2010 | See Source »

...Europe is better off continuing to aim low. "Very few European countries see the role of the E.U. as a power," says Moïsi. "They see Europe as a place - with a common market, a common currency, but not a power that should project itself onto the outside world." (See pictures of immigration in Europe...

Author: /time Magazine | Title: The Incredible Shrinking Europe | 3/8/2010 | See Source »

That argument begins to break down when you have aspirations to help fix the world. Over the past decade or so, many Europeans have liked to think of the E.U. as a counterweight to Washington and now Beijing: a big, rich, but more benign global power. Ask Catherine Ashton to define Europe's ideals, and her aspirations are far from modest: "Democracy. Human rights," she says. "Wanting to see stable, secure nations, with whom we enjoy political dialogue and economic relationships...

Author: /time Magazine | Title: The Incredible Shrinking Europe | 3/8/2010 | See Source »

Europe is right to think big - both for its own sake and for that of others. Many in the rest of the world would welcome a stronger European voice. Capitals from Pretoria to Washington are constantly urging more from their European allies. As U.S. Assistant Secretary of State for European and Eurasian Affairs Philip H. Gordon said to the House Foreign Affairs Committee after the ratification of the Lisbon Treaty last year: "We hope E.U. member states will invest the post-Lisbon institutions with the authority and capacity to make concrete contributions to the pressing global challenges we face together...

Author: /time Magazine | Title: The Incredible Shrinking Europe | 3/8/2010 | See Source »

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