The vulnerability of the European elite

By John Lloyd
February 6, 2013

Storms in the Mediterranean, calmed in the latter half of last year, now whip up again. Greece’s woes hardly surface in the rest of the world now, but they’re deep and the people remain restive. Seamen struck last week over unpaid wages and extended the strike this past Sunday. The strike cuts off the many islands around the country, and limits exports and imports. For a country so defined by the sea and shipping, it takes on an iconic quality. A 24-hour general strike has been called for Feb. 20: Golden Dawn, the far-right party that targets immigrants and that stands third in the polls, held a thousands-strong rally in Athens on Saturday. No one can say whether the lid will stay on until matters improve – or, indeed, if matters will improve.

Europe’s reckoning is delayed…but for how long?

By John Lloyd
June 18, 2012

Everything in Europe has a ‘but’ attached to it these days. Spain got a bank bailout last week, but it hasn’t convinced the markets. Mario Monti is a great economist and wise man, but he’s losing support for his premiership of Italy. Angela Merkel is listening to the voices that try to persuade her that Germany should bankroll growth, but she hasn’t done anything yet.

Europe’s new, suicidal normal

By John Lloyd
May 8, 2012

The world into which the new president of France, François Hollande, stepped this week is a suicidal one. Searching for a vivid image of Euro-desolation, the news media have lit upon suicides. Two suicides last month have stood out.