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

By Christopher Booker:

It is customary at this time to act like two-faced Janus, looking back at the year that has passed while predicting what may happen in the one ahead. However, from what we have seen of the two great political fantasies of our age, it is now much easier to say what is likely not to happen. Each of these acts of make-believe has got so out of hand that a violent collision with reality is inevitable. But those who are in their grip are so locked in denial that it is only safe to predict that nothing will bring them back to earth until that nemesis intervenes.

A first prediction is that it is no longer conceivable that the sad little nonentities who preside over the affairs of the EU will be able to find any rational way out of the hole they have dug for themselves over the euro.

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