by Jerome a Paris
Mon Nov 17th, 2008 at 05:21:45 PM EST
from their Charlemagne colum, in this case about the eurozone's "gloating": The euro may not be quite as safe a haven as enthusiasts are claiming
Euro membership is certainly not a panacea. It can store up trouble by reducing pressure for structural reforms (...)
Calling the euro a haven from the storm is not just economic nonsense. It is political bad sense, since nobody is going to be sheltered from this deluge. Voters need to understand that, now.
In other words, they hate Europe and the euro because it works (and limits the potential for the shock doctrine kind of "reform"), and they are actively promoting the notion that there is no escaping the financial crisis: they will take us down with them (and keep us below them, which is all that matters).
"Let us rule or suffer." The pettiness of the neolib elites in a nutshell. I still expect it won't work this time.