The Gulf crisis that pits a United Arab Emirates-Saudi-led alliance against Qatar has emerged about more than a regional spat. It is part of a global battle whose outcome will determine the ability of small states to chart their own course in the shadow of a regional behemoth whether that is Saudi Arabia in the Middle East or China in Asia.
According to a well-known Italian Research Centre, from 2003 to 2014 the European single currency cost an 11% GDP reduction throughout the Eurozone and 18 million additional unemployed people. Conversely, as a result of the Maastricht agreement only, throughout the Eurozone we have lost 8 million jobs and an additional 5% of Gross Domestic Product, owing to the obligation to eliminate deficit and cut investment.
In the last sixty years or so of the existence of the EU polity we have seen a baffling and somewhat bizarre phenomenon; namely this: while the EU has expanded from six original member countries in the 50s to twenty seven countries with others still waiting in line, albeit one has already exited, separatist and independence movements, redolent of a former rabid nationalism which produced two world wars, have also proliferated.