Interesting paragraph about The Telegraph:
The UK’s Telegraph has been a critic of the EUR since before its inception and it now smells blood. “Spain is in ‘total emergency’, the EU in total denial,” is the title of an article published this weekend. “I’ve never actually heard the term ‘total emergency’ before, at least not in the context of global economics. It sounds like the title of a disaster movie. When it is uttered in sober tones by the elder statesman of an advanced democracy to describe his country’s financial condition, the effect is rather startling,” the piece begins. It says if Spain did leave the EUR, there would be nothing left for any other country to exit. The article is here.”
My message to the political press.