We know the drill now. A eurozone member finds itself in dire financial straits. A cabal of finance ministers, European officials, domestic technocrats and global financiers pushes the stricken national government towards severe public spending cuts and tax rises. The social unrest caused by these policies bleeds into some form of populism, be it left-orientated (Syriza in Greece; 15M in Spain), right-orientated (Golden Dawn in Greece) or somewhere in the fuzzy middle (Beppe Grillo in Italy).
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Best of the web
David Cameron should beware the referendum trap – Steve Richards, The Guardian
The spirit of ’45 is not enough. The Left must come to terms with a changed world – James Bloodworth, The Independent
Ten myths about Margaret Thatcher exploded – Jeremy Warner, The Telegraph
Evidence-based politics: the case of the incredible shrinking Tory Party – Nick Cohen, The Spectator
Did Thatcher Turn Britain Around? – Paul Krugman, New York Times
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