In the sweep of human history, the European Union stands out as one of humankind's most ambitious endeavors. It encompasses half a billion people, twenty-seven member states, twenty-three languages, and an economy valued at over $15 trillion. Modern Europe's stunning achievements aside, its sovereign debt crisis has shaken the world's largest political and economic union to its core. Can the federal institutions and shared values of Europeans meet the challenges of debt crisis that are as much political as economic? Or, are Europe's current woes indicative of a series of deep structural faults that will doom the European Union to breakup and failure? In this edition of the Munk Debates Ñ Canada's premier international debate series Ñ former EU commissioner Lord Peter Mandelson, French-German EU parliament leader of the Greens, Daniel Cohn-Bendit, German Euro skeptic and bestselling author Josef Joffe, and Scottish historian, Niall Ferguson debate one of the most pressing issues of our day: has the great European experiment failed? This electrifying debate featuring some of Europe's most outspoken parliamentary figures and academics is guaranteed to be an unforgettable and riveting verbal sparring match on the question that will determine the future of world's economy.