It’s a slow news day in the political world, as we wait for the Spanish government to take its cap to Brussels. There are, however, some brilliant opinion pieces in the papers today to keep you entertained.
First, Spanish author Carlos Luis Zafron has penned a visceral attack (£) on the self-appointed elites who have brought his country to the abyss. This passage might appeal most to CoffeeHousers:
Peter Oborne made a similar case with regard to the whole EU in a devastating column on Thursday. Today, Charles Moore turns his epigrammatic attention to the subject. He concludes that the derided Cassandras have been vindicated. He writes:
Missed history lessons is at the heart of Niall Ferguson and Nuriel Roubini’s joint enterprise in the FT. They find it extraordinary that German policy is fixated on the wrong historical date: 1923’s hyper-inflation rather than the death of democracy in 1933. They present the case for European recovery, which demands that Germany accept the need for deposit insurance, debt mutualisation and bank recapitalisation if the single currency, which has made German exports so much cheaper than they were under the deutschmark, is to survive. Without these changes, the EU is in danger of repeating the catastrophes that led to its creation.
Europeans are fully aware of this – EU employees in London speak of it tirelessly. But, being aware of a serious problem doesn’t cure.
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