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Posts Tagged ‘European Union’

Will Cooling looks at how the Labour Party has yet to come to terms with how Brexit has exposed a fundamental rift between its middle class and working class supporters. This inability to appeal to all of its supporters is (rather than Jeremy Corbyn’s leadership) the real reason the party’s very existence is at risk.

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Euro Coins The European single currency, the Euro. (c) Barry Batchelor/PA

Germany’s economy shrank during the last 3 months of 2011, France’s cherished AAA credit rating disappeared, while Greece’s industrial output continues to plummet. Economic pain is hitting every corner of the Eurozone but no politicians are seriously contemplating break up. The huge cost of leaving is obscuring alternative worst case scenarios and popular discontent but how much longer can a monetary union with no winners survive?

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File:HungaryProtesters.jpg

Protesters in Central Budapest. (c) Laszlo Balogh/Reuters

Another day, another protest against the government, such is life in Hungary under the premiership of Viktor Orbán. Despite its location at the heart of Europe Hungary is often forgotten, but this year Hungary may well be the word on everybody’s lips. A failed bond auction at the end of December is the latest symptom of the myriad of problems facing a country that has had more than its fair share of hardship in its last century. An authoritarian leader, decades of bad blood, an electoral disaster and controversial reforms have led Hungary to a familiar economic brink.

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Time to stand back, take a deep breath, close your eyes and count to ten.  Now open them.  Do you see anything different?  Thought not.

Cameron’s veto is perhaps the biggest – and best – spin operation in modern politics.  By doing nothing, but saying a great deal, Cameron has united his backbenchers with him against the EU but, sadly, kept us within a ridiculous status quo in the European Union.

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