Europe

Have you noticed the weird hold that François Hollande has over our politics? If you haven’t, then let me tell you: his name has been almost inescapable in Westminster over the past couple of weeks. Even in PMQs this week, David Cameron and Ed Miliband couldn’t resist of spot of Hollandery. Behind-the-scenes, too, there is much consideration being given to how the new French President should be treated. Political strategists recognise, as I’ve suggested before, that his election could be a significant moment in the life of the Eurozone and the European Union. Potentially, it’s the moment when the supranational consensuses of the past couple of years broke down, leading

David Cameron’s speech today is a sign of his frustration with the eurozone. Numbers 10 and 11 are increasingly irritated by how eurozone leaders are refusing to accept the logic of their project. What Downing Street is keen to avoid is another wasted year as Angela Merkel gears up for her reelection campaign. So, intriguingly, we see Britain throwing her weight behind Hollande’s support for project bonds. Cameron also uses the speech to again back eurobonds, which Merkel is firmly opposed to as she knows that this would mean Germany effectively standing behind everyone else’s debt. I can’t see a resolution to this crisis coming anytime soon, though. The economics

Today’s PMQs will be remembered for one thing, Cameron saying that the eurozone had to ‘make up or it is looking at a potential break-up’. This is a distinct hardening of the government’s line on the single currency. Cameron’s comment was particularly striking coming just days after George Osborne said that ‘open speculation’ about whether or not Greece would leave the euro was ‘doing real damage across the whole European economy’. However those close to Cameron are not resiling from the remark. Instead, I understand that we can expect more from the Prime Minister on this subject when he makes a speech on the economy tomorrow. The break-up of the

A second Greek election is looking more and more likely, with party leaders unable to form a coalition. I reported on Tuesday that Antonis Samaras — leader of the largest party, New Democracy — had admitted that he couldn’t put together a government and had passed on the mandate to Alexis Tsipras, leader of Syriza. Well, Tsipras also failed to build a coalition, as he couldn’t convince ND and centre-left Pasok to turn against their austerity plan, and so the baton has been passed to Pasok leader Evangelos Venizelos. His hope was to convince Democratic Left — which holds 19 parliamentary seats — to join his and Samaras’s parties in

One line jumped out at me in David Cameron’s Marr interview this morning. When Andrew Marr asked him if he thought we were halfway through the Euro crisis or nearing the end of it, Cameron replied: ‘I don’t think we’re anywhere near half way through it.’ Cameron clearly does not believe that any resolution to the crisis is in sight. Given that, as long as the Eurozone crisis rumbles on it is hard to see how the British economy returns to robust growth, this is immensely significant. It does, though, make me wonder if the government’s approach to the crisis should now change. If the Eurozone isn’t going to accept,

You don’t expect to find so much politics in a booze mag, but there’s an intriguing story in a recent edition of the Drinks Magazine. Relations between Britain and Argentina have been very fraught of late, so the good folk at Chapel Down, the internationally renowned vineyard in Kent, decided to promote peace and goodwill by importing Malbec grapes from Argentina to make a special English wine, called ‘An English Salute‘, to mark World Malbec Day, which took place on Tuesday. The vineyard planned to sell the wine in Gaucho, the chain of Argentine-themed steakhouses.  However, the European Commission blocked this neat marketing initiative on the grounds that grapes imported from outside the