“By hamstringing the ability of French governments to act in the interests of the French people – or, to put it more realistically, by giving them an excuse for not so acting – that embrace has destroyed political legitimacy in… — Bernard Connolly Copy Share Image
“When Trichet, at a meeting of top international monetary officials, defended the franc fort policy against North American critics by telling them that they… — Bernard Connolly Copy Share Image
“Baldwin, speaking of the 1930s press barons, famously attacked as ‘power without responsibility: the prerogative of the harlot throughout the ages’. In” — Bernard Connolly Copy Share Image
“Western capitalism contained is Western capitalism destroyed. Toothless and drugged, the caged tiger is prey to lethargy, disease, premature senility. Worse, only the bars… — Bernard Connolly Copy Share Image
“Schmidt agreed at the Bonn summit of world industrial leaders, in July 1978, to increase Germany’s budget deficit. The Bonn summit was a classic… — Bernard Connolly Copy Share Image
“Unemployment in France is officially put at 12.5%. Youth unemployment is double that. Many people in their twenties have never had a job and… — Bernard Connolly Copy Share Image
“as the Israeli philosopher Yoram Hazony put it recently, ‘For quite a few centuries, it seems as though it’s been the British nation-state15 (together… — Bernard Connolly Copy Share Image
“If anything, the unmistakable clues provided by the reports that highly intelligent and politically aware central bankers and Treasury officials became, as a collective,… — Bernard Connolly Copy Share Image
“By hamstringing the ability of French governments to act in the interests of the French people – or, to put it more realistically, by… — Bernard Connolly Copy Share Image
“In understanding the collapse of the ERM, however, what is important is that to subordinate domestic (that is, national) economic considerations to national foreign… — Bernard Connolly Copy Share Image
“Like Hitler, like Stalin, the énarque believes that power will always prevail over economics.” — Bernard Connolly Copy Share Image
“As one highly placed énarque has recently put it: ‘Of course we want monetary union. Ninety per cent of the élite want it. There… — Bernard Connolly Copy Share Image
“While political scientists see ‘Europe’ either as a new form of political structure, having little in common with the nation-state, or as a structure… — Bernard Connolly Copy Share Image
