World

Matthew Parris

Thanks to the financial crisis, we’re all economists now

I was standing with a cheerful huddle at a farm near Monyash in the Peak District, seeing off the Four Shires Bloodhounds on a foggy November Sunday. The hounds bayed and the horses stamped, and I wished I could still run well enough to be the quarry. In the same huddle was a friend who farms not far from where we live; he and I used to train together when we were younger and he was a fine middle-distance (and I a hopeful long-distance) runner. ‘What’s going to happen with this Europe job?’ he said to me. ‘It doesn’t look good,’ I said, wondering if it was the Common Agricultural

Alex Massie

GOP to World: Drop Dead

There are many good things in this week’s edition of the magazine and among them, happily, is a piece by Dan Drezner. It’s not online yet so why don’t you subscribe? £1 an issue for the first 12. Bargain! Anyway, Dan casts a weary gaze (there being no other kind of gaze when it comes to this sort of survey) over the Republican presidential pretenders’ foreign policy views. Here’s how he begins: During the 2008 US presidential election cycle, the respected journal Foreign Affairs invited the leading prsidential candidates from both parties to outline their views of world politics. All of them responded with essays that, one presumes, they at

Paying for justice

To British ministers, the role that the International Criminal Court played over Libya was key – it made clear that Colonel Gaddafi’s actions were unacceptable and would be subject to international law. Tory MP Dominic Raab even wrote a piece in The Times about the need for Libyans to rely on the ICC in The Hague, rather than seek retribution and revenge against Gaddafi and his loyalists. And it wasn’t only the British government. German Chancellor Angela Merkel stated that the Libyan leader Muammar Gaddafi should be tried by the ICC: ‘Gaddafi should have a trial according to the law, something he never did with his opponents,’ Merkel said when

Mubarakism after Mubarak

The future of Egypt has been hanging in the balance since Hosni Mubarak was toppled. Now there is real cause for concern, as scores of protesters clash with state security forces. The problem, above all, is military overreach. Stuck in a 1960s view of itself, and keen to preserve their money, status and power, the military has been thwarting the process of change. Since Mubarak’s fall they have continued behaving how they always have and worse — arresting protesters, muttering about US-led conspiracies, demanding extra-constitutional rights and clamping down on dissent. Worst of all, the West has been all to willing to take them at their word. Especially the Obama

Talkin’ ’bout long-term stagnation

Politics is often a messy squiggle, but this morning’s Resolution Foundation event did much to reduce it to a binary choice. Do we follow the US into a decades-long stagnancy around low-to-middle-income earners? Or do we not? James Plunkett explained the basic dilemma on Coffee House earlier, but more was said by a group of panellists which included Jared Bernstein, Martin Wolf, Steve Machin and Lane Kenworthy. Here, for the saddest CoffeeHousers, are eight points that I’ve distilled from my notes. This is more reportage than opinion, but I thought you might care to applaud or eviscerate some of the arguments that were put forward: 1) The UK triumphant. Or

Melanie McDonagh

Sorry, Mr Gul, but Turkey won’t be joining the EU any time soon

It’s not going to happen. That’s what everyone says who knows anything about the subject that we’re going to be hearing quite a bit about this week: Turkey’s membership of the EU.  I’ve heard it from someone who works for William Hague, from a political editor, from a diplomat. Which makes this week’s state visit by the Turkish president, Abdullah Gul, on his three-day state visit to Britain seem pretty well beside the point.  The British government is right behind Turkey’s bid for EU membership, no country more so. David Cameron and William Hague have if anything been even more effusive in their support than Tony Blair and Jack Straw

James Forsyth

The government’s airport conundrum

There is a growing acceptance in government that the South East needs more airport capacity. But, as today’s Times outlines, there’s nowhere near agreement on how best to achieve this. The big problem with a new airport on the Kent coast or ‘Boris Island’ is that the Dutch would not be prepared to open up the necessary air space. They control most of the air above the North Sea under international treaty because of Schiphol airport. I understand that feelers put out to the Dutch on this matter have been rebuffed. Another option is Heathwick. The idea is that an extra runway is built at Gatwick and then the two

Saif Gaddafi captured — but what now?

Remember when Saif Gaddafi was the Anointed One of those who wanted a freer, more liberal Libya? Now, he’s at the mercy of militiamen in the city of Zintan, having been captured today. It leaves Abdullah al-Senussi, the former intelligence chief, as the most infamous member of the old regime still on the run. The details of the capture are still hazy, like so much else during Libya’s revolution. What’s striking is that, unlike his father, Saif Gaddafi appears to have been unharmed by the process. Reuters are sure they spoke with him earlier today (although the man wouldn’t confirm his identity), and the only wounds he was carrying were,

Fraser Nelson

Nigel Lawson versus Mervyn King

In this week’s Spectator we have a piece from one of our former editors, Nigel Lawson, where he confronts this idea that the West’s woes can be blamed on a new bogeyman called ‘global imbalances’. This is fast becoming the received wisdom, something that even the bankers can point to and blame. It gets everyone off the hook, and takes attention away from the basic failure to regulate the supply of money and quality of investments. CoffeeHousers may be familiar with the argument by now. Time and time again, we hear central bankers shrug their shoulders and say something like: ‘Don’t blame us central bankers and financial policymakers for the

India: Land of faith

An everlasting chant wafts from the ancient walls of the temple of Kapaleeshwarar: ‘Om Namasivaya.’ The effect is hypnotic. I wander inside and the chant merges with Vedic folk music as a joyous crowd of worshippers sing in praise of Shiva. An elderly couple are having a birthday blessing and the Dravidian precincts are a riot of colour, jasmine garlands and spice. In a quieter corner, a girl kneels beside a stone cow and whispers her prayers into its ear. I have been in Tamil Nadu in the southernmost peninsula of India for one day and already I’m mesmerised. This is a land of temples and pilgrims, where you would

Alex Massie

A Republic, If You Can Keep It

The symbolism of this is pretty dire. These are still times for bitter melancholy in Ireland and many a Dubliner has rarely felt as republican as he does now that the state’s sovereignty* is, shall we say, not what once it was. This, a friend says, is just another tale of life “under the occupation”: Taoiseach Enda Kenny has rejected reports that details of next month’s Budget, including a planned hike in the VAT rate, were shown to German officials yesterday. Mr Kenny met chancellor Angela Merkel in Berlin yesterday after which reports emerged that the Irish Government was planning raise the top rate of VAT by 2 per cent

In defence of technocrats

Is Mario Monti’s administration in Italy democratic? Is Greece’s new government? To some, especially in the blogosphere, it is the exact opposite: a technocratic and undemocratic government foisted upon Italy and Greece by (circle as appropriate) Angela Merkel/Nicolas Sarkozy, the Bilderberg Group/EUSSR, etc. But nobody forced Silvio Berlusconi to resign. Nobody sacked him. Under pressure by the markets, he chose to resign. He could have stayed and nobody denied that he had a constitutional right to do so. It would have cost Italy dear, but he could have stayed. In addition, Monti was appointed to the Senate by the Italian president who himself is elected by Parliament in a joint

Osborne sells off the Rock

‘Sir Richard Branson set to buy Northern Rock.’ So read the headlines in November 2007 — and now they’re finally true. It has been announced this morning that Virgin Money is going stump up £747 million to return the bank to the private sector. This, says George Osborne, ‘is an important first step in getting the British taxpayer out of the business of owning banks.’ By the looks of it, Virgin will be paying less than they would have done four years ago, but they have also had to make various assurances about how they will handle the Rock. When Branson’s bid failed in 2007, and the bank was nationalised,

Alex Massie

Newt: A Modest Bum of the Month

Who can blame Newt Gingrich for enjoying his 15 minutes as Mitt Romney’s latest Bum of the Month? And who among us is not entertained by his becoming modesty? Take this, for example: “Because I am much like Reagan and Margaret Thatcher, I’m such an unconventional political figure that you really need to design a unique campaign that fits the way I operate and what I’m trying to do.’ Readers are invited to speculate on the extent to which Newt really is “much like” St Ronnie and the Blessed Margaret. On the off-chance you still need persuading Newt’s a huckster wrapped inside a fraud, Jonathan Bernstein lists just thee of

How do you leave the euro?

A few weeks ago, Lord Wolfson announced a £250,000 prize for the person who could figure out how a country could leave the eurozone. Given what is happening to the euro, it seemed an awful lot of money to spend on a sub-section of the real question: namely, how Europe can maintain monetary stability and promote growth. The euro, as Gideon Rachman pointed out in the FT last week, is a means to an end, not an end in itself.  It seems Lord Wolfson agrees that he asked too narrow a question and has reformulated the task. The winner will now have to answer what will be the best way

Alex Massie

Newtmania is the New Huntsmania!

Oh Jonathan, how you disappoint me! Newt Gingrich’s “rise” in the polls means almost nothing. It certainly does not warrant being treated as a serious political phenomenon for the obvious and excellent reason that Newt isn’t going to be the next Republican nominee. He just isn’t. It would be an act of all-but unprecedented folly to select a man certain to send Obama coasting to a second term. Indeed, the more obvious it is that Obama is vulnerable so “electability” will become a mind-concentrating factor for GOP voters. I need hardly remind you that this is bad news for Newt. More to the point, remember when candidates such as Steve

Gingrich to the fore

Yesterday saw three national polls and three different leaders in the race for the Republican presidential nomination. Politico’s Battleground poll (conducted early last week) shows Herman Cain leading Mitt Romney by two points. CNN’s latest (conducted over the weekend) has Romney narrowly leading Newt Gingrich, with Cain down in third. Most eye-catching of all is the PPP poll (also conducted over the weekend), which has Gingrich in first place, followed by Cain and then Romney in third. These polls do have one thing in common: they’re good news for Newt Gingrich. Whether he’s actually in the lead or not, he’s certainly well ahead of where he was last month. He’s

Alex Massie

Bye Bye, Herman Cain

A while ago, a reader asked why I hadn’t written more about Herman Cain. Because, I explained, the only reason he had a greater chance than any other eligible American citizen of winning the Republican nomination was that he’s on the ballot paper in the early primary states. In time, I said, this would be seen to be a mere technical advantage for Mr Cain. The indulgence with which his candidacy has been treated can only be explained as some kind of virus or, if you wish to be more charitable, an experiment in mass hallucination. But these things pass and even bad trips end. Witness the (final) implosion: Writing

Son of Brownies

How generous of Ed Balls to publish a transcript of his interview on the Politics Show earlier, so that we can amble through it on a Sunday evening. It contains, as you’d expect, more disagreeable parts than agreeable, and nothing more so than his comments about the national debt, deficit and all that. Two of his arguments, in particular, are worth alighting on because they’re Brownies in the classic mould, and will probably be served up again and again: 1) ‘After the Second World War we took a number of years to repay our much higher level of debt. The government and Vince Cable have tried to get this done

Fraser Nelson

Berlusconi: latest victim of Europe’s reverse Arab Spring

Berlusconi has finally resigned – and so continues what seems to be the Arab Spring in reverse (a Gnirps Bara). In the Arab world, people rose up against undemocratic juntas and democracy ruled. In Europe, undemocratic juntas are springing up in Frankfurt opera houses and toppling democracy. All Sarkozy had to do was help the rebels who wanted to remove the targeted leader. The cover story of this week’s magazine has a piece by yours truly about the Frankfurt Group of eight people who are calling the shots. Only two members are directly elected: Sarko and Merkel (well, three if you count the Prime Minister of Luxembourg, which we shouldn’t