The Ship of Fools – in Foucault’s book Madness and Civilisation – set sail from Basel in the 14th Century. Today the European Central Bank is launching its own Ship of Fools with quantitative easing, argues Ian Crowther. Basel is home to a museum of alchemy and micro prudential banking regulation. It was also where […]
Cameron’s strategy makes federal Europe more likely
David Cameron’s negative approach of demanding a renegotiation of the UK’s EU membership terms and putting this to a referendum is a cloud hanging over this week’s European elections, warns Professor Dimitris Papadimitriou. This is a strategy that could backfire spectacularly. This week’s elections to the European Parliament are overshadowed in Britain by the rise of UKIP and […]