by Sean Gabb

Yes, I know that I’m a bone-dry Europhobe and all that. Even so, I do have a sneaking fondness for the Euro. If it weren’t really about unaccountable power for our ruling class, I’d see much to admire in a currency run by Germans that couldn’t be devalued, and where interest rates couldn’t be touched by HMG.

It sounds the next best thing to gold. Certainly, it beats a pound at the total mercy of duffers like Mervyn King and George Osborn.