NER's own Theodore Dalrymple writes in Cato Unbound, Is "Old Europe" Doomed?
Doom or further decline is not inevitable, however, though avoidance of it requires active effort. The auguries are not good, not only because of the political immobilism that elaborate systems of social security have caused in most European countries, but because of the European multinational entity that is being created against the wishes of the peoples of Europe (insofar as they can be gauged).
The European Union serves several purposes, none of which have much to do with the real challenges facing the continent. The Union helps Germans to forget that they are Germans, and gives them another identity rather more pleasing in their own estimation; it allows the French to forget that they are now a medium sized nation, one among many, and gives them the illusion of power and importance; it acts as a giant pension fund for politicians who are no longer willing or able successfully to compete in the rough and tumble of electoral politics, and enables them to hang on to influence and power long after they have been rejected at the polls; and it acts as a potential fortress against the winds of competition that are now blowing from all over the world, and that are deeply unsettling to people who desire security above all else.
Apocalyptic thought is curiously pleasurable. Doom is too strong a word, in my view; I think it would be more accurate to say that Europe is sleepwalking to further relative decline. But we should also modestly remember that the future is, ultimately, unknowable.
To which I would simply add, the fact that the future is unknowable, is often its greatest mercy.