The Corner


Writing in the Daily Telegraph, Ambrose Evans Pritchard:

. . . It is still unclear what the exact terms of any deal for Club Med states might be. With youth unemployment surging to 54pc in Spain and 35pc in Italy, austerity is already threatening democratic cohesion.  For now markets have accepted that the ECB bond plan unveiled by Mario Draghi on Thursday, has greatly reduced the “tail-risk” of sovereign defaults. Yields on Spanish 10-year bonds have fallen 150 basis points this week, dropping to 5.74pc on Friday.

Mr Aznar, the leading intellectual force of Spain’s ruling Partido Popular, said large parts of the middle class are “disappearing” in the crisis countries while the social welfare pillar of post-War Europe is crumbling before our eyes.

The Spanish statesman said the push for fiscal and political union to hold the euro together is deeply misguided. “It is a very serious mistake to try to destroy the nation states. You cannot go against the cultural beliefs of the people and the forces of history . . . A United States of Europe is an impossible idea.”

It’s also not something that the voters want. But the oligarchs haven’t given up yet. And so the crisis — political and financial – continues.

Most Popular

Politics & Policy

Broward’s Cowards

It is impossible to imagine circumstances under which Broward County sheriff Scott Israel could attempt to perform his duties with the confidence of the public. He should resign immediately, and if, as he promises, he refuses to go quietly, then he should be shown the door by the people he professes to ... Read More

Courage: The Greatest of Virtues

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader (Or Listener), As the reporter assigned the job of writing the article about all of Sidney Blumenthal’s friends and supporters told his ... Read More

My American Dream

This morning, at 8 a.m., I did something I’ve wanted to do for as long as I can remember: I became an American. I first applied for a visa in early 2011, and since then I have slowly worked my way through the system — first as a visa-holder, then as a permanent resident (green card), and, finally, as a ... Read More
Politics & Policy

CNN’s Shameful Town Hall

CNN recently hosted an anti-gun town hall featuring a number of grieving children and parents from Stoneman Douglas High School in Parkland, Fla., who aimed their ire at the National Rifle Association, politicians peripherally associated with the NRA, and anyone who didn’t say exactly what they wanted to hear. ... Read More

The Gun-Control Debate Could Break America

Last night, the nation witnessed what looked a lot like an extended version of the famous “two minutes hate” from George Orwell’s novel 1984. During a CNN town hall on gun control, a furious crowd of Americans jeered at two conservatives, Marco Rubio and Dana Loesch, who stood in defense of the Second ... Read More