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The Times - United Kingdom | Monday, June 29, 2015

Supranational institutions losing importance

The debt conflict with Greece and the refugee crisis show that the significance of European supranational institutions is dwindling, the conservative daily The Times comments: "For further evidence, you need only recall the row over dinner at the European Council last Thursday, as leaders failed to agree a plan to resettle 40,000 asylum seekers from north Africa. Tempting as it is to view this as the disintegration of the European dream, it is more likely just evidence of another phenomenon we see all over the world - a retreat from internationalism. The EU is not the only multilateral institution facing decay; consider the United Nations, the International Monetary Fund and the World Trade Organisation, to take just three."

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