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The dream turned to nightmare

Posted by Richard Sunday, October 02, 2011


Booker in a reflective mood talks about the five stages of the "fantasy cycle", as it applies to the EU … with the "colleagues" locked into the "nightmare stage", awaiting nemesis. For the Hague, though, Booker is going to have to re-structure his theory. He is still trapped in the fantasy stage, the tragic puer aeternus who will move straight from there to nemesis without transitioning the other stages.

Nevertheless, says Booker, we are witnessing the unfolding of one of the great archetypal patterns that shape human affairs, one we can compare to the story of the Sorcerer’s Apprentice.

The EU's leaders frenziedly rush about trying to stop their magic broomstick running amok, as it fills their house with ever more buckets full of debt. The hapless victim of the old fable was eventually saved by the return of the sorcerer, who knew the magic spell that could avert final disaster.

In the case of the EU, there is no sorcerer. There seems to be no means by which Europe's leaders can halt the chaos that now threatens to bring down the euro, much of the world's financial system – and, ultimately, even the EU itself. But since this must happen, the sooner the better. We really need to get this over and done with.

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