The EU in the Midst of a Nasty Fog

Until two years ago the majority of the world and the EU distinguished economists were convinced that the EU may proceed more quickly and efficiently forward into a brighter future abolishing Keynesian macroeconomic management and the welfare state and bringing back "flexible markets" following as closely as possible neoclassical economic mantra.At beginning of 2009 and in the midst of world economic crisis the future of the EU seems less clear.- The EU might eventually prove efficient and able to survive discovering its own and new way out of crisis.- The EU might be split into smaller parts if a new interventionism let alone protectionism prevail.- The EU future is not known even in a case that the dogmas of the New Economy survive challenge of crisis. Rules of the game of New Economy may form megaregion as a new substructure within the territory of the EU with unpredictable consequences.In the paper we try to analyze in short the future position of the EU depending upon accepted system of value within the EU and economic paradigm chosen