08/09/2018
8 Sep 2018

The two Europes

8 Sep 2018

The two Europes

Featured articles

Features
William Galston
But it wasn’t just the crash

We often hear it said that the financial crash created populism. It is now a familiar story: that the Lehman Brothers collapse and the Great Recession exposed a shocking and colossal failure of economic stewardship in general. Ordinary families suffered, while bankers were bailed out. This led to people losing confidence in mainstream parties and established institutions. And this, in turn, fuelled the populist upsurge that upended American and British politics — with Donald Trump and Brexit being two of the results.

But it wasn’t just the crash
Paul Burke
Trust me, I’m a Scotsman

There was once a belief that for TV and radio commercials, a Scottish voice was more ‘trustworthy’. This was particularly the case for financial services ads. It was, however, a belief entirely without foundation. ‘We made it up,’ a banking executive once told me. ‘We’d moved our call centres up to Scotland, so we decided to use Scottish voices on our adverts.’ The ‘trustworthy Scot’ myth quickly gained currency. From the late 1990s onwards, you could hardly turn on the radio or television without hearing a Scottish voice telling you about mortgages, loans, terms and conditions.

Trust me, I’m a Scotsman
Christopher Caldwell
Macron vs Salvini

The first sign that Matteo Salvini was destined to do battle with Emmanuel Macron came in June, a few days after he was named Italy’s interior minister. Salvini, whose party, the League, wants to cut immigration drastically, announced that a German-registered rescue ship carrying 629 aspiring migrants from Africa would not be allowed to dock in Sicily. Macron reacted with disgust. ‘The policy of the Italian government,’ a spokesman for his political movement announced, ‘is nauseating.

Macron vs Salvini
Damian Thompson
The Pope’s cardinal errors

The Catholic Church is confronting a series of interconnected scandals so shameful that its very survival is threatened. Pope Francis himself is accused of covering up the activities of one of the nastiest sexual predators ever to wear a cardinal’s hat: his close ally Theodore McCarrick, the retired Archbishop of Washington, DC. Popes John Paul II and Benedict XVI are also implicated; they did nothing, or almost nothing, while Mc-Carrick was seducing every seminarian he could get his hands on.

The Pope’s cardinal errors
Simon Barnes
On bended knee

Every so often sport bursts its banks, spills from its usual courses and goes flooding incontinently onto the news pages. This year we’ve already had Australian cricketers doing unspeakable things with sand-paper, Gareth Southgate’s World Cup waistcoat and the return of Serena Williams to Wimbledon a few months after an emergency caesarean. And now we have Colin Kaepernick. He is currently an unemployed quarterback of America’s National Football League.

On bended knee
Liam Halligan
The world the crash made

With September marking a decade since the Lehman Brothers implosion, stand by for a slew of economic retrospectives. Any meaningful analysis, though, needs to get beyond historic balance sheets and plunging share price graphs — however dramatic the data. For the most significant impact of the biggest financial and economic upheaval since the Great Depression has been the growing loss of faith in western liberal capitalism.

The world the crash made
Isabel Hardman
Bleak House

It takes seven years to know your way around Parliament. That’s what I was told when I arrived in the Commons press gallery seven years ago, but I am still none the wiser about how to get from the Snake Pit to the North Curtain Corridor, and have only recently discovered the location of the Yellow Submarine. As a building, the Palace of Westminster is a confusing, contradictory rabbit warren of underground corridors, secret briefing rooms at the top of towers and rooms with strange names.

Bleak House
Next up: Columnists