The Hydra Loses a Head.

Looks as though Murdoch’s losing his grip. However, he’s only  one head of that monstrous hydra, globalised capitalism. Its other heads are busy attempting to devour the euro. International business has little trouble dealing with Europe’s mini-states; a federal Europe would present it with a much greater problem. Let’s hope that now that it’s push coming to shove the Eurozone will have the will to take the only steps which will protect it: fiscal integration, followed as soon as possible by political union.


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