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• Initial problems The leaders of the eurozone countries have hatched a plan to bundle up dodgy Greek government debt and sell it to the Chinese. Without any apparent sense of irony, the debt will be sold in the form of a Special Purpose Investment Vehicle — known as Spiv for short.
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• Home St Paul’s Cathedral decided not to take court action against anti-capitalist demonstrators who, since 15 October, had kept 200 tents pitched outside. The Corporation of London suspended its own legal action. The Rt Rev Graeme Knowles resigned as Dean of St Paul’s, a post he had held since 2007. His resignation followed that of Dr Giles Fraser, who, as Canon Chancellor of the cathedral, had at first asked police not to clear protesters from its precincts. The Archbishop of Canterbury said that the protesters had a point. Sir Jimmy Savile, the disc jockey, died, aged 84. The government said that unemployed people sentenced to pay a fine would have to do so at a rate of up to £25 a week instead of the present limit of £5.
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One can’t help but admire the Greeks. To be sure, they lied and cheated their way into the euro, and even the threat of a referendum on the bailout may yet tip the eurozone into a financial abyss. But there is something to be said for actually consulting the people about their future. Greece faces a choice: a decade (or more) of Frankfurt-enforced austerity, or bringing back the drachma and defaulting on their loans. Neither option is attractive. But this is about sovereignty, not just about money. This needs to be seen as a choice of the Greek people, not a deal imposed from outside and aimed primarily at saving eurozone banks. No wonder that George Papandreou, Greece’s American-born prime minister, gave Brussels no prior notice of his decision.
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Our regular reviewers were asked to name the books they’d most enjoyed reading this year. More choices next week • A.N. Wilson Rachel Campbell-Johnson’s Mysterious Wisdom: The Life and Work of Samuel Palmer (Bloomsbury, £25) is one of those rare biographies which is a work of literature: beautifully written, overwhelmingly moving. A great art critic, with an understanding of the human heart has produced this masterpiece. It is one of the best biographies I have ever read of anyone: it captures the tragedy of Palmer’s life, and brings out the shimmering glory, the iridescent secrets of his Shoreham phase.
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Here is a selection of a posts made at Spectator.co.uk over the last week. James Forsyth has news of a Cabinet row about the euro and looks at the post-riots political landscape. Fraser Nelson chides Nick Clegg for claiming to create jobs and says the birth of the world's 7 billionth person should be celebrated, not feared. Peter Hoskin reveals that Ed Balls has a point and says the latest growth figures signal neither Econopocalypse nor Mega Growth. Jonathan Jones reports on the scandal surrounding US presidential candidate Herman Cain and on speculation that war with Iran may not be far away. Daniel Korski asks if Islamist parties will always win elections in the Muslim world and suggests Cameron send a new Special Negotiator to Brussels.
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The votes are in and the decision is made. The winner of last month's poetry competition is Sam Gwynn, for this entry on the theme of ‘dirt’: If dirt is bad, then so are we and so is history, For all of us were dirty once, as dirty as can be. Our milieu was the tillage where we bent and harrowed clods And out of dirt we made our dirty dwellings and our gods. Soon enough we had a language full of many dirty words As common terms for intercourse and blasphemies and turds. We aired our dirty laundry for our tribal mates to view; It really didn’t matter much, for they were dirty too. And eventually we found that the constituents of dirt Could make you ill or shame you with the collar of your shirt.
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Welcome to the latest CoffeeHousers' Wall. For those who haven't come across the Wall before, it's a post we put up each Monday, on which — providing your writing isn't libellous, crammed with swearing, or offensive to common decency — you'll be able to say whatever you like in the comments section. There is no topic, so there's no need to stay 'on topic', which means you'll be able to debate with each other more freely and extensively. There's also no constraint on the length of what you write — so, in effect, you can become Coffee House bloggers. Anything's fair game, from political stories in your local paper, to chat about the latest football results.
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…here are some of the posts made at Spectator.co.uk over the weekend. Douglas Murray visits the protestors at St Paul's. James Forsyth says Charles Moore and Matthew Parris are right about the protests. Fraser Nelson suggests that the elites are too disconnected from the Eurosceptic masses. Pete Hoskin says the word of the weekend is "repatriate". Matthew Sinclair of the TaxPayers' Alliance looks beyond the headlines about CEO pay rises. Daniel Korski says US foreign policy is focused on Asia, not Europe. And the Arts Blog has some silent film recommendations for Halloween.
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• God save the Queen Sir: Robert Hardman (‘The Queen’s manifesto’, 22 October) is right to say that we should respect the Queen for more than longevity and never putting a foot wrong. One of her great strengths is that she is so willing to take advice from those placed (or elected) to give it. There are times when she has been known to ask ‘What should the Queen do?’, much as a parent has to ask what line to take towards a child. The Queen has invariably agreed to do as bidden by her government, for example in entertaining figures like President Ceausescu of Romania in 1978. He was a far from easy guest, digging up the floorboards at the Palace in quest of electronic bugs, yet he was extended the traditional hospitality by the monarch.
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• Rebels, rebels 81 Conservative MPs defied a three-line whip to vote in favour of a referendum on Britain’s membership of the EU. Some other big rebellions. Number of rebels Majority 37 (Lab) National Service Bill 1947 Government win by 18872 (Con) Shops Bill 1986 (Sunday trading) Government lose by 1441 (Con) E.C. (amendment) Bill 1993 Government win by 18049 (Lab) Prevention of Terrorism Bill 2005 (90-day detention amendment) Government lose by 33 • Who rioted in August?
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HomeDavid Cameron, the Prime Minister, insisted on being present, along with leaders of the 10 EU countries not part of the eurozone, at a summit on the crisis surrounding the currency bloc. At an earlier summit of leaders of all 27 EU countries, President Nicolas Sarkozy of France told Mr Cameron: ‘You say you hate the euro, you didn’t want to join, and now you want to interfere in our meetings,’ according to diplomatic sources. Eighty-one Conservative MPs (the two tellers included) voted against the government on a back-bench motion endorsing the need for a referendum on EU membership. ‘There’s no — on my part — no bad blood, no rancour, no bitterness,’ Mr Cameron said afterwards.
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Britain has never been defined by its place on the map. Our nation’s reach and interests have always been global, not merely continental. Not so long ago, a quarter of humanity was united under our empire. Today, in empire’s place, stands the Commonwealth. This weekend, the Queen convenes the meeting of its various heads of government: a convention of friends, allies and trading partners. Unlikely as it may seem, the Commonwealth has become the model of a modern and global alliance. The European Union, by contrast, looks more and more dated. It now appears less like a trading union than a self-help group for debt addicts.
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The hands of Big Ben are approaching the designated hour, and the bells are about to toll for our Readers’ Representative Award. Only a few days remain for you to vote for your favourite parliamentarian. Dwindling time is not the same as no time, of course. New runners can emerge and overtake old favourites in an instant — and that is what has happened this week. Thanks to the brouhaha over an EU referendum, names such as David Nuttall, Douglas Carswell, Jon Cruddas and Kate Hoey have started appearing in our postbag more frequently. One reader, Edward Bartlett, says of Mr Nuttall that ‘in fighting for an In/Out referendum, he has fought on behalf of the people’.