Wednesday, November 02, 2011

Descent into the abyss

"It is simply impossible to overstate the seriousness of the crisis unfolding in Greece", says the Mail leader. "Only days after Europe’s leaders were triumphantly (and, as this paper pointed out, naively) proclaiming they'd solved all their problems, their rescue package for the euro lies in shambles".

It then goes on to warn us that an EU financial meltdown – made more likely by the Greek action - would have unthinkable repercussions for Britain's recovery. Indeed, we are told, it may be no exaggeration to say we could witness unemployment and civil unrest throughout Europe on a scale not seen since the 1930s.

Now, like euroscepticism, warning about civil unrest has become fashionable.  A similar message comes from the International Labour Organisation, via The Guardian and, all of a sudden, it is not just lil 'ol EU Referendum warning about the descent into the abyss. Yet, way back, not a few were prepared to deride us for our persistent warnings.

We were never first, nor the only ones to offer warnings. But we have been in the vanguard, with this particularly explicit warning in September last year. And in April 2009, I was writing, Caedite eos! Novit enim Dominus qui sunt eius. We are closer than ever to that happening, and now – too late – this is being recognised.

If people then had listened to the many voices, it could have been stopped. But that was not to be. Now we pay the price.