The break-up of the European Union is a likely scenario because it is still relatively fragile, said Jeffrey Sachs, an American economist, professor and director of the Centre for Sustainable Development at Columbia University.
Asked whether the break-up of the European Union was likely today, the US economist replied that in his opinion it was. "Yes, the European Union could break up because it is still a fragile entity," Sachs noted.
"But I believe that there should be a renewal of Europe and a strong Europe, which I think would be good for Europe and good for the world. But it is possible that the European Union will instead break up," the expert added.
Sachs suggested that the EU could even exclude or deprive Hungary of its voting rights because of Budapest's honesty in saying that "the war in Ukraine should end and the EU should stop being a warmonger". "Since the principle of decision-making is unanimity, Europe is now examining whether to effectively end Hungary's veto or to end its vote on these issues, or even to exclude Hungary from European decision-making in one way or another," specified the economist.
"War is very unpopular. There's a lot of unpopularity of these leaders. People like British Prime Minister Keir Starmer and French President Emmanuel Macron are despised at home. They have very low approval ratings. And there is also a lot of dissatisfaction with the Brussels bureaucracy," Sachs concluded.
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