Eu

Referendum day is as nondescript and wet as the day before, happily spent in Cambridge at my son’s Leo’s graduation. Even here the coming vote intrudes. Some students say that the master of Trinity College has come out for Brexit. Leo’s boyfriend Eddie, newly graduated in German studies and about to head to a job in Berlin, worries about job prospects. Our lunch table is shared with genial and smiling but very divided family. The polling station is equally lively, a place for chat with neighbours. The working day is uneventful. Dinner with friends in the evening, asleep before the first results. I wake in the middle of the night,

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

A quick update on the BBC TV News. At ten o clock last night the programme ran a report from its idiotic northern correspondent, Ed Thomas, which attempted to suggest that the Leave campaign was responsible for nasty things being said to immigrants. Thomas is an appallingly partisan correspondent and presumably has his job because he is only person within the BBC with a vaguely northern accent. He chose to interview two neanderthals. Then over to the inestimable Laura Kuenssssberg, who referred to the UK’s ‘likely’ exit from the EU. No, Laura: exit. We have to keep watching these patently parti-pris buggers. The subtle and not so subtle way they

The only surprise result in Spain’s repeat general election on Sunday – rendered necessary by the impasse produced by December’s – was the failure of the new Spanish left to nudge the Socialists out of second place. The radical-left coalition Unidos Podemos (‘United We can’), a combination of Podemos (We Can) and Izquierda Unida (United Left), was expected to increase its joint share of the votes and take second-place behind the Conservative Popular Party (PP), replacing Pedro Sanchez’s PSOE as the dominant force of the Spanish left. Instead it came in third place, taking 21.11 per cent of the vote and 71 seats. Everything else was almost an exact re-run of December’s inconclusive vote, prompting

Perhaps the most important pundit to have emerged from the earthquake is Giles Fraser. As a left-wing vicar and longstanding anti-racism campaigner, he makes it harder for people to depict the Brexiters as closet racists. He disrupts the defeated Remainers’ assumption that they represent progressive values, humanism. The same applies to the handful of pro-Brexit Labour MPs, but MPs can be assumed to have murky motivations. On last night’s Question Time, Fraser quoted Galatians (one of the readings in churches yesterday): Love your neighbour as yourself. We need to get beyond our current divisions, and trust in this supra-political principle, he said. Contrast this with today’s offering from Zoe Willams,

George Osborne has turned his back on ‘Project Fear’ after finally breaking his Brexit silence. The aim of his speech this morning was all about reassuring the financial markets before they opened. To help him do that he reeled off a couple of sound bites about how Britain was open for business, how it ‘will not be plain sailing’ but that it was a good job we’d ‘fixed the roof’. The Chancellor also said that whilst this ‘is not the outcome I wanted or that I threw everything into campaigning for’, ‘the people have spoken’ and we must all accept that result. But what was more interesting was what wasn’t