A Very European Coup Part II

The only attempt at a solution to Europe’s doom seems to be the EU forcing out democratically elected leaders and replacing them with trusted stooges who are loyal to the project. In Greece the incoming Prime Minister Lucas Papandemos was Vice President of the European Central Bank from 2002-10. Mario Monti, who is favourite to take over in Italy, was a European Commissioner in the nineties. Not a referendum or election in sight…

Luckily for the UK our cost of borrowing has dropped to a record low. Ten-year gilt yields fell to 2.106% yesterday. If however the UK was in the €urozone and things took a turn for the worse about now the European establishment elite would be forcing Peter Mandelson on us as PM. Or Clegg…



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Quote of the Day

Janan Ganesh on Labour’s soft left

“Ms Cooper does not believe the previous Labour government was wrong to run a fiscal deficit after 15 years of economic growth. Both she and Mr Burnham think families should be entitled to tax credits for a third child. These views are not mad. They are just a bit too left-wing for Britain. For any serious party, that amounts to the same thing. The soft left is more electable than the hard left but then Mars is more habitable than Neptune: neither planet will host human life anytime soon.”

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