Europe cannot save the euro, nor save itself from the euro

Christopher Booker,Telegraph
"One faint consolation in recent months has been the sight (as broadcast on YouTube) of Nigel Farage, leader of Ukip and of the Freedom and Democracy group in the European Parliament, repeatedly standing up in its front row to rub in the inescapable realities of this disaster only a few feet from those currently responsible for it – Barroso, President Van Rompuy and the leaders of the other political groupings in the parliament. These deflated apparatchiks simply stare ahead, dead-eyed and stony-faced, knowing just how powerless they are in the face of the unfolding tragedy.

We must not forget, however, that, when it comes to nations running up a debt out of control, our own Government is still having to borrow an additional £2.5 billion every week, just to fund its own overspending – which, despite all talk of “cuts”, still races upwards. Any moment now, our own national debt will top the £1 trillion mark, having more than doubled in six years. However damaging a disintegration of the euro may be to our economy in 2012, we also face a crisis we have brought upon ourselves – one for which our Government has no more of a real answer than do the impotent rulers of the eurozone."