“In understanding the collapse of the ERM, however, what is important is that to subordinate domestic (that is, national) economic considerations to national foreign policy goals almost always corresponds to subordinating the preferences of the population at large to those… — 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
