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, 27 member states, 23 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?

Pro: Niall Ferguson, Laurence A. Tisch Professor of History at Harvard University, best-selling author, as well as TV and radio contributor, will be joined by Josef Joffe, publisher-editor of the German weekly Die Zeit, and regulator contributor to the Wall Street Journal, New York Times, and other notable publications.

Con: Influential European voice and co-president of the Greens/Free European Alliance Group in the European Parliament, Daniel Cohn-Bendit will be joined by Peter Mandelson is a Member of the British House of Lords, and Chairman of Global Counsel, a strategic advisory firm, and Senior Adviser to Lazard.

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