# Lord Mervyn King is interviewed about the state of the European Union and his forthcoming book, "The End of Alchemy"

1 Faculty News February 29, 2016 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2016/03/01/business/dealbook/brexit-vote-and-donald-trumps-surge-reflect-discontent.html?_r=0) -- "Mr. [King](http://www.stern.nyu.edu/faculty/bio/mervyn-king) has been warning about the possibility of another financial crisis, which he has contended is a near certainty, and says that the European Union is set for an 'economic political crisis.' In his book, he suggested that the monetary union had created a conflict between a centralized elite and democratic forces at the national level. 'This is extraordinarily dangerous,' Mr. King wrote."

[Read more](http://www.nytimes.com/2016/03/01/business/dealbook/brexit-vote-and-donald-trumps-surge-reflect-discontent.html?_r=0)