David Marsh

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EuropaUnión EuropeaEconomía

The dream of monetary union across Europe has turned into a nightmare. Led by France and Germany, European countries have decided to spend colossal sums of taxpayers’ money they cannot afford to heal mounting internal disparities they cannot conceal to shore up an edifice many believe cannot stand. On Monday, that skepticism briefly pulled the value of the euro down to a four-year low against the dollar.

A little over a week ago, European Union leaders approved a rescue package worth 750 billion euros (nearly $1 trillion) for weaker members like Greece, Portugal and Spain, backed by the International Monetary Fund and the American government.…  Seguir leyendo »

EuropaUnión Europea,

The excitement of the Olympics may be over for another four years but the controversy continues. I refer, of course, to the outrage provoked by the use of the verb "to medal". A sure sign, according to some, that the linguistic barbarians are not only at the gates: they have battered their way through, pulled up a chair, helped themselves to a beer and are now undermining our very way of life by rewriting our grammar books to suit their evil purpose.

I don't recall such a fuss at Athens in 2004. But Great Britain didn't win so many medals then.…  Seguir leyendo »