‘The City of London, like all financial markets, does resemble a casino—but it is better to have a successful and productive casino here than to push it abroad’

'The eurozone shambles has been the worst setback for European integration since the 1940s'

The over-generous Italian welfare state means that for all the belt-tightening, most people in the country still enjoy la dolce vita

‘The government has sensibly decided to give back to the Bank of England its old job of regulator. But a clutter of extra institutions and committees is being proposed, none of which is the real boss’