Eu

In Italy, media coverage of the triumph of Brexit has been wall-to-wall as Italians worry about the collateral damage and wonder if they too dare… So far La bomba Britannica has hit the Milan stock market much harder than the London one. On Friday, Milan fell by 12 per cent against the FTSE-100’s 3.5 per cent. Italy’s banks — too numerous, too small, undercapitalised and saddled with alarming levels of toxic debt — took the biggest hit. New eurozone rules that ban government bailouts for big depositors have turned them into sitting ducks. Shares in Monte Paschi di Siena (bailed out once already in 2013 by Italy’s central bank) fell

Roger Scruton once observed, in his astute way, how important national feeling was to democracy: ‘Democracy is a form of government that depends upon a national, rather than a credal or tribal idea of loyalty. In a nation state the things that divide neighbours from each other – family, tribe and religion – are deliberately privatised, made inessential to the shared identity, and placed well below the country and its well-being on the list of public duties. It is this, rather than any Enlightenment idea of citizenship, that enabled nation states so easily to adopt democracy. In a place where tribal or religious loyalties take precedence, democratic elections, if they

Thankfully, many in Europe – not least the European Parliament – will have stopped listening to Nigel Farage a long time ago. The Ukip leader, no stranger to attempting to infuriate his MEP colleagues, has been winding them up again. In this morning’s session, he gloated: ‘You all laughed at me. Well, I have to say, you’re not laughing now, are you?’ But Farage didn’t stop there, telling those around him: ‘I know that virtually none of you have ever done a proper job in your lives, or worked in business, or worked in trade, or ever created a job, but listen’ It was clear from the huge smile across Farage’s face during

Ahead of the EU referendum, David Cameron’s sister-in-law declared that she would never vote Conservative again if Leave won. Now that Brexit is firmly on the agenda — and her brother-in-law set to stand down — Emily Sheffield is preparing to join the Labour party. Samantha Cameron’s sister has taken to Twitter to ask how quickly she can join, adding that she only ever voted Conservative for David: While this news doesn’t come as a huge surprise — given that she tweeted a Sadiq Khan campaign messages during the London mayoral election — it does beg the question of her sister’s voting preference. After all, back in 2010 Ed Vaizey claimed that Samantha ‘may have