Europe

The question that will be on the ballot paper in Greece on Sunday is rather wordy, so European leaders have been trying to simplify it for Greek voters today. Their message has been vote Yes to the bailout deal to stay in the Euro and No for a return to the Drachma. Their logic is that however much Greeks may dislike imposed austerity, they don’t actually want to leave the Euro. It has become clear today that the Eurozone’s strategy now is not to try and put together a last minute agreement but to instead rely on a Yes vote on Sunday. This would lead to the fall of the

Tonight, it is still not clear how the Greek situation will be resolved. The European Central Bank–which is desperate to avoid being dragged into the politics of this situation–has chosen a middle way on its emergency assistance to Greek banks. It has neither ended it—which would have crashed the whole Greek banking system—nor extended it, which would have enabled the banks to stay open and eased the pressure on the Syriza-led government. Greek banks will definitely be closed tomorrow and probably until the referendum on Sunday. The next big question is what happens on Tuesday when the bailout programme ends and a payment comes due to the IMF which Athens

The Greek Prime Minister Alexis Tsipras has just announced that there will be a referendum on the proposed bailout deal next Sunday, July 5th. He will ask for the current bailout to be continued until then to allow the Greek people to have their say. The signs from Athens are that Tsipras will campaign for a No vote unless the creditors offer Greece a radically better deal at tomorrow’s meeting. This move from Tsipras will infuriate Greece’s creditors.  It will also, almost certainly lead to the introduction of capital controls for Greek banks until the referendum. If the creditors don’t blink tomorrow and improve the terms they are offering Athens,

It is unfashionable to quote polls these days but one recent finding went unremarked even though it is remarkable. It showed that only 15 per cent of members of the Conservative Party want to pull out of the EU. From the noise surrounding the debates on the Referendum Bill you might believe that this is a surprise. In reality the vast majority of Conservatives at all levels of the Party want Britain to stay in a reformed EU. We believe it is now time for the silent Conservative majority to get behind David Cameron and start to make the case for the UK’s continued membership of the EU and the

Will the country be torn apart by the EU referendum? That’s the argument made by Chris Deerin on the capitalist running dog website CapX. Deerin, a Scottish Unionist, says it’s now Great Britain’s turn to go through the same painful and divisive process that Scotland endured last year. Personally I doubt that will happen, although it’s possible that a slender vote in favour of remaining in the EU may in the long term be divisive. The main problem with the analogy is that there is just no Ukip equivalent of the aggressive Scottish nationalists who shouted at Jim Murphy. There is a Kipper version of the Cybernats, but even online

Jacob Rees-Mogg told the House on Thursday that his favourite activity is making speeches on Europe and ‘if the House isn’t sitting, I do it at home’. That’s not the only place he opines on the subject. Mr S was enjoying some supper at the Savile Club on Wednesday evening, with his comrades from ‘Conservatives for Liberty’. The noble sounding group is made up of your average Tory boys, with facial hair that would not have looked out of place in the Continental Army circa 1776. While the evening was meant to be a celebration of the Magna Carta, with David Davis and John Redwood in attendance, the conversation in the room kept going

The EU Referendum Bill has been accompanied by almost unprecedented flip-flopping and ‘reverse ferreting’. I think we have to accept that it is quite right for the Liberals and Labour to have changed their minds. Or at any rate, for the voters to have changed their minds for them. Speaking, as I do at Westminster, for the only party in parliament that has been consistent on this matter, I am very glad that the referendum is finally almost upon us. As Bill Cash said earlier today in the Commons, this is the culmination of a twenty-year fight that started with Maastricht, and involved betrayals and evasions by both main parties. It’s

It’s not clear who David Cameron is trying to annoy more: his party or the press pack following him at the G7 summit in Bavaria. But what is clear, at least in the Prime Minister’s mind, is that he has been misinterpreted on the issue of a free vote in the EU referendum. Not over-interpreted, as Number 10 said this morning. ‘It’s clear to me that what I said yesterday was misinterpreted,’ he said, explaining that he was referring to the renegotiation: ‘I was clearly referring to the process of renegotiation. But the point is this. I have always said what I want is an outcome for Britain that keeps

Over the last few weeks, a string of senior Tories have urged Zac Goldsmith to run for Mayor of London. Goldsmith is, as I report in the Mail on Sunday, regarded by the Tory hierarchy as giving the party the best chance of keeping City Hall blue. In a contest that it will be very difficult for the Tories to win, Goldsmith scrambles the race—what other Tory would get Green second preferences? The attraction of Goldsmith is particularly strong as Nick Ferrari, as Daniel Boffey writes in the Observer, is unlikely to throw his hat in the ring. At the top of the Tory party, there is a belief that