Having failed in Britain, George Osborne now seems to want to dictate economic policy in the eurozone. He goes on about the „relentless logic“ of the need for the eurozone to become a fiscal union, and he drops heavy hints that he believes they should start the revolution without Greece.

The spectacle of a rightwing Conservative chancellor advocating European fiscal union is ironic in the extreme – and the extreme right of the Conservative party must have very sore eyes.