This text provides a broad and deep analysis of the underlying assumptions governing modern European politics, and of the way European union works in reality. It argues that the plans to integrate Western Europe around a single currency are dangerous for democracy and the rule of law. It also contends that Western policy towards Eastern Europe and Russia is similarly misguided, and that the current drift will only encourage the hegemony of Russia over the West. John Laughland shows how the European idea was warmly embraced by Fascists and Nazis during World War II - especially in France, Germany and Belgium. He reiterates the essential link between free trade on the one hand, and democratic politics, nationhood and the rule of law on the other.