Richard North, on EU Referendum, and Christopher Booker in his Telegraph column yesterday, report on recent events within Germany, largely unremarked in not only the British press but elsewhere. The tectonic plates have shifted, and today we have a Germany no longer prepared, as Mr Draghi promised, to save the Euro at any cost.
In France, La Figaro also does its best to ignore the Euro crisis; the canicule, or heatwave, is bigger news. Le Monde reports on new figures for Spanish banking bad debts on housing; now up to 10% of the banks' loan book, €164 bn. This is only the tip of the iceburg. As I have commented before, the OMV (open market value) of Spanish property is about half the value that the banks hold on their books.
And I can't find anyone still arguing that Greece needs to stay in the Eurozone. Grexit is a done deal, the only question is when. Back in June, I opted in a comment on C@W for a July collapse; clearly I underestimated the grasp on life of the doomed single currency, but this is at a terrible human cost. Self-murder has joined malnourishment as being unremarkable in Greece.