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I read this article by Peter Oborne and felt more or less in sympathy with it until I came to this clanger:
“But this shift, while of long-term significance, has been dwarfed by the most astonishing development of all: the apparent ending of the 20-year Tory civil war on Europe. Last weekend, David Cameron opened the way for a sharp increase in our budget contributions to Brussels, while giving the green light for a new treaty to save the eurozone. On Monday, he announced a new era of defence co-operation with France. The Prime Minister has developed an easy, relaxed and mature relationship with both President Sarkozy and Chancellor Merkel. Until very recently indeed, there would have been uproar had a Tory leader countenanced any of this. Last week, there was scarcely any reaction on Conservative benches. The spectre of Europe, which has engulfed the Tories since the assassination of Margaret Thatcher exactly 20 years ago, may have been laid to rest.”
That paragraph is written in a tone of approval. Now, unless I have missed something, wasn’t Mr Oborne the man who wrote a book a few years ago condemning the rise of a political class that tended to associate its own material interests with those of the country? I remember at the time pointing out that Oborne failed to give due weight to the significance of the European Union in all this. Well, now it appears he has become a sort of cheerleader for Britain giving ever greater sums of money to countries determined to pursue wrongheaded economic policies.
Well, it was nice knowing you, Peter.
I see that EU Referendum thinks as I do.
Is this how the EU got a Yes to Lisbon from the Irish? asks Mary Ellen Synon in the Irish Daily Mail, reprinted in the British one.
Ireland and the other eurozone countries might be suffering savage spending cuts, but the EU self-publicity budget thrives: in 2008 the Open Europe think-tank calculated that the EU was spending at least €2 billion a year on ‘information’.
Much of it bent, which is to say, propaganda. The commission actually admits that its information is bent. One of its publications declares: ‘Genuine communication by the European Union cannot be reduced to the mere provision of information’.
Perish the thought! Reducing communication to mere provision of information might mean that journalists got a handful of leaflets rather than a stay at the…
Hotel Manos Stephanie (‘the Louis XV furniture, marble lobby and plentiful antiques set a standard of elegance rarely encountered,’ the hotel brags, and so it should since the rate is listed at €295 a night for a single room).
“Ireland’s membership of the euro was thus the single most important reason for yesterday eye-wateringly large bailout of the Irish banks, which will take the budget deficit to 32 per cent of GDP and its gross government debt to 96 per cent of GDP. The tragedy is that nobody is pointing this out: the political establishment is too closely implicated and may yet need to draw on a European bailout fund. Imagine what would have happened had Britain also embraced the single currency: our interest rates – which were substantially higher than the Eurozone’s, albeit still too low – would have stoked our own bubble to an even greater extent than anything managed by the Bank of England. The UK property bubble would have been even larger and its implosion even more devastating. We don’t realise it – but Britain’s bust of 2008-09 could easily have been much, much nastier.”
– Allister Heath.
It might be worth re-reading this to recall the ferocity of those pro-euro folk and their treatment of anyone who sought to stand in their way, including, it seems, ordinary voters.
“Traditionally, a bank is a means by which old people with capital lend to young people with ideas. But the advanced democracies with their mountains of sovereign debt are in effect old people who’ve blown through their capital and are all out of ideas looking for young people flush enough to bail them out. And the idea that it might be time for the spendthrift geezers to change their ways butts up against their indestructible moral vanity. Last year, President Sarkozy said that the G20 summit provided “a once-in-a-lifetime opportunity to give capitalism a conscience.” European capitalism may have a conscience. It’s not clear it has a pulse. And, actually, when you’re burning Greek bank clerks to death in defence of your benefits, your “conscience” isn’t much in evidence, either.”
– Mark Steyn, writing about Greece and the ongoing train-crash of the European welfare state model.
Vicki woods writes in the Telegraph that Greek justice makes a mockery of the law.
Now the trouble with cases like this is that just as one is firing up to get outraged… along comes the thought, yeah but he might be guilty.
So he might. Or he might not. But the Greek justice system does not seem to be in any hurry to find out in the case of Andrew Symeou. He has spent a year behind bars without trial. Oddly enough the Greek authorities did manage to energise themselves sufficiently to issue a European Arrest Warrant. That got snappy action all right! A stirring display of how the nations of Europe can act together to leapfrog pettifogging national legal procedures! After this strong start, however, the Greeks did not quite manage to maintain the spirit of pan-European efficiency when they twice denied Mr Symeou bail on the grounds that he was not a Greek national.
To all intents and purposes, the banking industry inside the EU has ceased to have any serious claim to be a part of the free market. The EU has voted to cap bonuses for bankers, introducing remuneration controls that look pretty draconian.
Of course, defenders of such controls might say that we are where we are: the modern banking industry, with all its privileges, “too big to fail” ability to claim taxpayer support, controls on capital ratios, and the rest, means that banking has not been a proper model of free market behaviour for decades. That is true. But capping bonuses is about the least relevant reform that policymakers could make, though no doubt this panders to the sort of anti-banker sentiment that also recently encouraged Germany’s government to impose, without warning, controls on the investment techniques of hedge funds. The radical overhaul of our banking system advocated here, for example, is not really considered.
We are in the best of hands, as Glenn Reynolds likes to say.
I commend this fascinating article to those who have not yet come across it – A Hidden History of Evil:
Why Doesn’t Anyone Care About the Unread Soviet Archives?
The archives contain “unpublished, untranslated, top-secret Kremlin documents, mostly dating from the close of the Cold War”, yet their guardian “can’t get anyone to house them in a reputable library, publish them, or fund their translation.” Amongst numerous other tidbits, there is some very interesting stuff about Soviet dealings with François Mitterrand, Neil Kinnock, and several past and present “European Project”/EU bigwigs.
(From the excellent Michael Totten, who’s doing a fine job of holding the fort over at Instapundit)
History and ordinary prudence dictated that the union might be broad and shallow (a free-trade area, with embellishments, capable of taking in all-comers) or else narrow and deep (an evolving political union, confined to countries willing to be led there). Of the two, I always believed that the first was better. But the architects did not even have the brains to choose the second. They recognized no limits to their ambitions. They set about creating a union that was both broad and deep. A federal constitution, a parliament, a powerful central executive, one central bank, one currency – all with no binding sense of European identity. As for scale, well, the bigger the better. Today Greece, tomorrow Turkey. And why stop there? Madness.
– Clive Crook ponders the excessive ambitions behind the EUropean project.
Can it be? Do my eyes deceive me? An MP… a Tory MP… who seems to have a grasp of economics!
How long before this guy gets a visit from the party whip advising him that insightful talk about real world economics might be harmful to his career, capice?
A short item, which takes the breath way, on how the problems of countries like Greece has encouraged the German government to insist that unless these countries are as economically “fit” as Germany is or claims to be, they cannot participate in EU decisions.
Well, I guess such a comment makes it explicit that as far as Germany is concerned, the strong states rule, and the weaker ones should shut up and do as they are told. Sometimes, it really amazes me why anyone ever doubts that this is the consequence of the single currency project. The Greeks, and other such countries, have just had a lot of illusions broken up into atoms.
Update: well, I guess I should thank Glenn Reynolds for the “instalanche” of comments, some of which, I assume, are from the US. Let me consider a few of the points made. First of all, I am not – which seems to be the view of some – defending the Greek state, and by implication, some of their voters. To the Germans, or indeed other euro zone countries, it must indeed be an outrage that a country expects to be able to continue enjoying the luxuries of early retirement, generous welfare and short-work week. If the Germans are irritated about this, they are entitled to be. But you see, this is what happens in a currency union where one bit of it is subsidising another bit. In the US, where the poorer parts get subsidies from the richer or at least not bankrupt bits, the poorer bits are not then told, by their neighbours, to shut up. I am not aware, for example, of a rich state of the US demanding that poorer parts be banned from sending Congressmen or Senators to DC (if you have examples, please let me know). The Germans knew, when they choose to sacrifice a perfectly solid currency – the Deutschemark – in exchange for the euro, that there were risks. Some German politicians may have naively assumed that the less prosperous bits would raise their game, but given the cussedness of human nature, that was not a sure-fire bet. As Michael Jennings points out in the comment thread, Germany itself had the experience of reunification and the problems of integrating the post-communist East into the capitalist West. But at least it had a common sort of political identity. But it is a much more difficult thing for a German politician to demand that a member of a currency union should not be allowed to participate in discussions relating to that currency.
I don’t feel a lot of sympathy for the Greek government, but I don’t feel much sympathy for the Germans, either. They wanted this currency union, and arguably, imposed an unsustainable interest rate straitjacket onto the continent. Much of their political and media elite has invested a huge amount of emotional and political capital into this. They made their bed, now they must lie on it.
I get the feeling that the next general election in Britain could be the first one to be seriously altered in its overall result by the internet. I definitely hope so. My ideal result would be for Gordon Brown and David Cameron and that LibDem guy all to emerge from the election feeling equally humiliated, and all sounding like they are on the same side, that of Big Politics, while all the conviction parties, the silly parties, including silly conviction parties whose silly convictions are the absolute opposite of my own convictions, do far better than they were supposed to and compared to the amount of and nature of the mainstream media coverage that they got.
In particular, I hope that UKIP does really well. I’ve heard the complaints about this party, most of which boil down to the claim that they are all just too weird. But scratch any active participant in any political party and pretty soon the weirdness spills out.
My feeling-stroke-wishful-thinking along these lines is based on seeing things like this:
I came across that here, a few days ago. It’s basically a greatest hits compilation of UKIP snippets taken from the European Parliament, mostly about Climategate, with a few bits from some internet TV show in the USA spliced in. I particularly like the Liverpudlian guy.
That EU Parliament is an odd place. People make these little speeches in it, which almost none of the people present pay any great attention to, but which, on YouTube, can sometimes escape into the wild, to the point where mainstream media non-coverage becomes impossible to sustain.
More fundamentally, even if such non-coverage persists, as I expect it to persist at least until the forthcoming general election, so what? More and more people can now receive such messages as these anyway.
Enough to embarrass Brown, Cameron and Whatsisname? Maybe. As I say, I do hope so.
I see that Peter Mandelson, now Lord Mandelson of Post-Industrial Northern Wasteland – or whatever, is frustrated, apparently, that he did not get the job of the European Union’s foreign representative. Indeed. His friend, former Prime Minister, Tony Blair, also failed to secure the plum of the EU Presidency. I can see the charms: no grubby electioneering, lots of nice trips and conferences and armies of lackeys serving your needs, driving you around in limos, etc.
To quote Mick Jagger, you can’t always get what you want. I am sure Mr Mandelson will recover his sang froid eventually. These things are sent to test us.
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