Euro Frankenstein Moment
Snooty Europhiles should be forced to crawl in penitence - Telegraph
By Boris Johnson
I think we deserve an apology. By “we” I mean all the Euro-sceptics, Euro-pragmatists, Euro-realists and Euro-hysterics who were alarmed by some of the optimism that surrounded the birth of the single currency. Do you remember the disdain with which we were treated? We were told that we were boss-eyed Little Englanders. They used to say we were a bunch of xenophobic, garlic-hating defenders of the pint and the yard and the good old bread-filled British banger.
Whenever we protested about any detail of the plan for monetary union, we were told that we were in danger of stopping the great European train, boat, bus, bicycle or whatever it was. We were a blimpish embarrassment to our country, a bunch of idiot children who had to be shooshed while the grown-ups got on with their magnificent plans.
So it gives me a tingling pleasure to report that everywhere you look on the map of Europe we have been proved resoundingly and crushingly right....
Any break-up of the euro would also be viewed as a tragedy for the European “project”, and though that assumption bears closer examination, it is a fair bet that the EU’s political classes will stop at virtually nothing to keep the single currency alive and intact. Most sensible people seem to think that they will succeed, and that the contagion will not overwhelm Spain as well — but then huge numbers of apparently sensible people managed to shut their eyes to the glaring flaws in the euro.
Politics made the euro, and politics can destroy it, especially if electorates start to feel it is a machine for German domination and the destruction of benefits and wages; or if the German electorate feels that it is a machine for fleecing Germany.