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Margaret Thatcher knew the single currency would devastate Europe

Next week it will be 20 years since Margaret Thatcher fell. Pressure had been building on a number of fronts, but the issue which finally destroyed her was the yet-to-be-born euro. In the last weekend...

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Oh, sh*t – is this the euro's death spiral?

Are we approaching the “Oh, sh*t” moment in the eurozone? Niall Ferguson has used the phrase to headline a piece in Newsweek about the way great empires tend not to go into gentle decline, but into...

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Economic Europe is paying the price for political Europe

Remember what European Monetary Union was supposed to do? It was going to add zillions to Europe's GDP, they said. According to the Lisbon development plan, by 2010, the EU was going to be "the most...

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