Tuesday 23 January 2018

EU morgue

• Isn't it fascinating, if chilling, watching the EU struggle with its debt crisis? Here we have the biggest economy in the world effectively committing suicide. The rest of the family (world) is round the bed urging the EU to take some sustenance (an ECB stew comprised mainly of euro

bonds). Fearing something called "contagion", the EU is saying no. Only parts of the EU are still functioning.

The European Parliament is very quiet. Its main interest appears to be whether to give a lucrative job to somebody called Cardiff. This Cardiff is not from Wales but from Ireland. Perhaps that's the reason for all the concern.

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