tions, will go to work on wayward “me,” and the tussle between the two will very much stress
the difference between them. Consequently “I” will feel more separate than ever, and so merely
increase the lonely and cut-off feelings which make “me” behave so badly.
under the blue flag with its golden stars. It may be for that reason that the eurozone decision-makers decided to make an example of Cyprus. They knew that it was puny. They believed, probably correctly, that it would have to obey. They hoped to show the world, which doubts, that they mean what they say.
But the exertion of such power is a very ugly thing. When you see it exerted you also see who is accorded respect and who isn’t. In this case, ordinary depositors have been disrespected and parliamentary processes have been bullied into giving the “right” answer. Cyprus is capitulating not out of euro-patriotism, but out of fear.
This is NOT European “solidarity” but coercion.
In all this long euro-crisis, Britain has rightly held aloof, but at the same time urged the eurozone to deepen and strengthen itself. This is inconsistent reasoning. If tiny Cyprus can be so much trouble in building the great euro-Empire, what does that say about the likely harmony of the ultimate whole? -
... and IT IS of course a fact that ITALY and ROME are, and wish to remain, part of that harmony.
As Jeremy Warner has recently stated - "Monetary union is many things, but above all it is about free movement of money and a uniform value wherever it is spent. When these functions are disabled, then you cease to be part of a single currency."