The Incredible Shrinking Europe - TIME

The Incredible Shrinking Europe - TIME: "It was supposed to be the moment Europe grew muscles. Last fall, after a decade of work to simplify policymaking and make the European Union more efficient at home and stronger abroad, the last few holdouts signed a 1,000-page document known as the Lisbon Treaty. In November, the E.U.'s first real President and Foreign Minister were chosen. Europhiles dusted off their familiar dream: of a newly emboldened world power stepping up to calm trouble spots, using aid and persuasion where it could, but prepared to send in troops when it had to. Brussels would lead the fight against climate change. And Europe's economies would prove to the ruthless free markets of North America and Asia that the social market still offers the best way out of an economic crunch"

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