Tag Archives: Eurozone

Europe’s responsibility deficit is out of control

DAVID Cameron spoke of ending a “responsibility deficit” yesterday. He wasn’t talking about the Eurozone, but he could have been. Its steadily-compounding financial disaster is an epic tale of failed responsibility, the consequence of spending without thought to the consequences. And yet lazy references to “PIIGS”, while they point rightly to the dysfunctional choices made by some economies on the Eurozone periphery, are misguided, tilting the table to send the blame all one way. In truth, the Eurozone – and the EU as a whole – is a project in which responsibility is excluded as a matter of philosophical principle. Continue reading

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Filed under Economics, History, Politics

Democracy is thrown aside in the Eurozone

THERE is not one elected official in Italy’s new government, but it’s apparently very bad form to mention it. Democratic government has been suspended on the fringes of the Eurozone with barely a whisper. News reports mention in passing that “technocrats” have been ushered in to make sure Greece and Italy reform their economies as Germany and France desire. How quickly freedom’s demise gets buried in jargon. Continue reading

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Filed under Freedom, Politics