Getting religion: for the architects of the euro, its success was a matter of blind faith and wilful self-delusion Photo: ReutersThe Euro Elite Are Totally Out Of Touch With The Modern World -- The Telegraph
The realities of 21st-century politics are finally catching up with the guardians of the single currency.
It is extraordinary to recall that, until June last year, HM Treasury still had a “euro preparations unit”, finally abolished in George Osborne’s emergency Budget. This was the last, fossilised remains of the “prepare and decide” strategy adopted by New Labour, the premise of which – at least in the Blair years – was that Britain should and would join the single currency at some point in the future.
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My Comment: My comment is .... no-kidding. But .... we can also say the same thing about the U.S., especially after reading stories like this one.