And the award goes to… the Brits, naturally:
The euro has many flaws, but its weakest link is Greece, whose fundamental problem is that for years it spent too much, earned too little and plugged the gap by borrowing in order to enjoy a rich man’s lifestyle. It flouted EU rules on the limits to budget deficits; its national accounts were a moussaka of minced statistics, topped with a cheesy sauce of jiggery-pokery.
Brilliant, that. Meanwhile, let’s all celebrate the death of the world’s most bogus currency and the death of the world’s worst idea — the Union of Soviet European “Republics.” Goodbye, good night, and — with hope! — good riddance. The best thing that could happen to Europe is that the “Union” falls apart, and the European countries remember who they are again, before it’s too late.