UK's Telegraph group finally sees the light on the EU!

The Telegraph newspaper has selected Peter Oborne to trumpet their conversion to seeing common sense. The entire article is worth reading in full, from here, as it confirms exactly what this blogger has been pointing out for years in even greater grisly detail. I have selected a few choicer quotes:

"The resignation plunges the eurozone into a crisis it cannot survive....

"The scary truth is that the scale of the problem facing the eurozone has been gravely underestimated by British commentators. The reasons are shaming. One significant factor is the financial and economic illiteracy of political journalists and foreign correspondents.....


"But the most important problem is the failure to study history. Here the facts are devastating, and bear repetition. Portugal has defaulted on its national debt five times since 1800, Greece five times, Spain no less than seven times (and 13 times in all since 1500).

By contrast, Anglo-Saxon countries rarely, if ever, default.....

"Sarkozy and Merkel are dreaming. They are out of their depth, struggling against forces they cannot control and which will in due course wash them away. It is economic reality, not political speeches.....