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Monday, December 05, 2011

Eurosceptics, beware: the euro crisis is bad for you too

 | Jackie Ashley | Comment is free | The Guardian
Mayhem. Catastrophe. Apocalypse. Chaos. A hail of brimstone. The end of the (consumerist) world. Years of misery … And that's just the more optimistic parts of the media, as they contemplate the breakup of the eurozone. Politicians wring their hands as they contemplate the changing world of ever-lower expectations.

Only one group, it seems, has cause to feel chipper – all those "told you so" Eurosceptics who inveighed against the euro and federalism all along. Surely this is the moment when the British anti-Brussels movement reaches its maturity? It has been vindicated even by Jacques Delors, who now admits the dreaded Anglo-Saxons had a point when they argued that you couldn't have a single currency without a single economy and thus a single government. Now, with David Cameron caught between his earlier pledge of a referendum if there was a treaty change and the horror of a disorderly collapse of the system, they can exert maximum influence.

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