Europe has no future – and financial crisis is to blame, warns Greek PM

The European Union’s failure to handle the migrant crisis and financial crash will leave Europe with no future, the Greek Prime Minister has warned.

Alexis Tsipras said Europe could face an existential crisis over nationalism unless the bloc admits mistakes. The Greek Prime Minister said economic austerity pushed by European governments has fostered fear, racism and the emergence of the far right.

Mr Tsipras told the European Parliament: “The EU’s failure to give democratic and effective responses to modern challenges will lead irrevocably to the triumph of chauvinism and will rekindle nationalistic rivalry.

“It will turn it into a fragmented continent, a continent without cohesion, without an international role, and without a future.”