The economic crisis engulfing Europe is fast becoming a political crisis as political leaders give the impression of being incapable of meaningful action. Chickens coming home to roost with a vengeance. The barmy decision to form the eurozone without the concomitant fiscal and political union was high-lighted by those in the UK who opposed UK entry. The voices seeking to take us in to the eurozone have gone very quiet, they should be named and shamed.
There is a deeper crisis, a crisis for democracy as citizens across Europe suffer austerity brought about by political decisions for which there was no democratic mandate. We are entering dangerous times.
A 'must read'.
This is my post on 18th May 2010. Sadly, my prognosis then looks accurate.