Douglas Carswell's Blog

Establishment opinion is still wrong about the Euro

Adair Turner has apparently called for more Europe to fix the Eurozone crisis. Europe must not “hang around”, his lordship tell us. They need to “accelerate” moves towards a banking union.  

Didn’t Turner once suggest that the UK might like to join the Euro? And wasn’t he something big in financial service regulation at a time when .... well, you know ....

Is there nothing Lord Turner doesn’t get right? 

Turner’s latest pronouncement doesn’t tell us much about how the Euro crisis might be resolved. But it does say a lot about the extent to which Establishment opinion in this country still doesn’t get it. 

The Eurozone crisis demonstrates the folly of trying to arrange the affairs of millions of Europeans by grand design. Rather than recognise this, elite opinion in Britain believes that any flaws in the grand design approach require an even grander design. 

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