Soft “EuroLanding” or "Happy End" in EuroLand

Soft “EuroLanding” or

Wild Card's progress: fully-fledged

This Wild Card came from: 
Workshops/Meetings

The theme/scheme related to this Wild Card: 
United Kingdom

The sub-theme that best relates to this Wild Card: 
February 2010

The source of this Wild Card: 
iKNOW Workshop in Manchester

Likelihood timeframe and scenario features : 
now-2015

Wild Card's description 
The "Happy Ending" twist to Euro concerns involves the survival of the European political project and the emergence of a new “Euro Deal”, which dramatically transforms the economic and political landscape of Europe. On the one hand, debt-crisis countries are “allowed” to leave the Euro but at a high political cost (massive reduction in the number of administrative officials in European Union institutions) and a moderate yet acceptable economic and fiscal cost (e.g. a new “Euro Deal” tax or new agreements in total contributions to the EU and total receipts from the EU). On the other hand, richer countries rapidly benefit from the new Euro Deal’s reception by global financial markets and investors. Thus resulting in a steady recovery of economic and socio-political stability.