Adding a surgically applied layer of European Keynesianism to the euro’s ordoliberal rules at once offers a solution to Eurozone troubles and throws a lifeline to European social democracy.
The people have finally realised that the troika-imposed austerity is not working in Portugal. In fact, the austerity packages are not working in Ireland (another good pupil of the troika), or in Greece, or Spain, or Italy.
Europe’s leaders are reversing their historically generous role in assisting countries out of criminality and fascism. What we are seeing now therefore strikes at the heart of the European project not just the euro.
The European experience of coalition government is being defied in Westminster, instead of respecting its spirit of consensus and compromise it is being used to legitimate a re-run of the curse of the UK: elected dictatorship
