The crisis that has overtaken Europe is not of Europe only but of humanity, and will not pass like other crises or wars, leaving the essential structure of the present-day world intact. It is likely to re-fashion the world for good or ill, politically, socially, and economically. This crisis is the inevitable consequence of the social and political conflicts and contradictions which have grown alarmingly since the last Great War, and it will not be finally resolved till these conflicts and contradictions are removed and a new equilibrium established.
