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Tag Archives: eurozone


Greece has become a battleground for the worst ideas of the 20th Century

There will be no winners in this showdown between Left-wing fantasists and the European project’s true believers.

by Janet Daley      •      The Telegraph (London) 2852.EconomicRecession

Which of these do you find more repugnant: an autocratic European Union which is no longer bothering to conceal its intention to displace an elected government, or a shambolic clique of Left-wing fantasists who are propelling a country – and its hapless population – into economic ruin and political chaos?

It’s a tough call, isn’t it? Whatever happens in the Greek referendum on Sunday, it will not be the end of this pantomime. In fact, it is intended not to be the end, in spite of the Greek prime minister’s bizarre assertion last week that he could guarantee a deal would be made with the country’s creditors within 48 hours of a “no” vote – when, in fact, a “no” vote would effectively guarantee the impossibility of making such a deal since the answer “no” is a rejection of meaningful concessions to the creditors. Continue reading


BOOK REVIEW: ‘Becoming Europe’

“Suffocating supranationalism of the European Union marches on . . . . Washington is already on the path to Brussels, Paris and Athens, but it still has an opportunity to reverse course.”

Book review by Nile Gardiner

BECOMING EUROPE: ECONOMIC DECLINE, CULTURE, AND HOW AMERICA CAN AVOID A EUROPEAN FUTURE, by Samuel Gregg, Encounter Books, $25.99, 384 pages.

“Socialist governments traditionally do make a financial mess,” declared Margaret Thatcher in a television interview before she became Britain’s prime minister. “They always run out of others people’s money. It’s quite a characteristic of them.” Continue reading