Ambrose Evans-Pritchard
Ambrose Evans-Pritchard has covered world politics and economics for 25 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now International Business Editor in London.
The horrible truth starts to dawn on Europe's leaders -
The entire European Project is now at risk of disintegration, with strategic and economic consequences that are very hard to predict...
Ireland was the one country forced to hold a vote by its constitutional court. When this lonely electorate also voted no, the EU again disregarded the result and intimidated Ireland into voting a second time to get it “right”.
This is the behaviour of a proto-Fascist organization, so if Ireland now – by historic irony, and in condign retribution – sets off the chain-reaction that destroys the eurozone and the European Union, it will be hard to resist the temptation of opening a bottle of Connemara whisky and enjoying the moment. But resist one must. The cataclysm will not be pretty....
Read more why Amrose is in panic mood
Comment: No reason to get excited another storm in the tea cup. A lot of clattering by the clattering class. A lot of pseudo-action by politicians and technocrats. After a while the storm will pass away as it has done before. Behind will left a wounded herd of euro attackers who should have known better. The simple truth is that the stake for the euros is way too high to let the currency go. The heart of the matter is quite different from what this article and many other articles of this kind suggest: the central problem is that the dollar is mortally ill and that the demise of the US dollar is unavoidable and it is the death of the dollar which provokes the global currency turmoil.
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