The horrible truth starts to dawn on Europe's leaders

By Ambrose Evans-Pritchard
Last updated: November 16th, 2010
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Survival crisis? A newspaper seller in Dublin on Monday

The entire European Project is now at risk of disintegration, with strategic and economic consequences that are very hard to predict.

In a speech this morning, EU President Herman Van Rompuy (poet, and writer of Japanese and Latin verse) warned that if Europe’s leaders mishandle the current crisis and allow the eurozone to break up, they will destroy European Union itself.

“We’re in a survival crisis. We all have to work together in order to survive with the euro zone, because if we don’t survive with the euro zone we will not survive with the European Union,â€