Mrs Duffy and the Greek crisis

Northern widow obscures real world drama!

Mrs Duffy and PM on the streetMrs Duffy and PM on the street
This morning the Guardian, not noted for its coverage of financial matters, had the Greek financial crisis as its lead article. Also on the front page, but below, was the analysis of the Metropolitan Police report on the death of Blair Peach. As far as defending civil liberties goes the Guardian has an established track record, we are not being critical. So what do we make of it? The Blair Peach story is an example of how the authorities must not do things, the years of lying and cover up etc. However, the Greek financial crisis is an example of how the EU has failed.

The Guardian has a long standing reputation as being a staunch supporter of all things related to the EU. The crisis that has engulfed Greece is not a simple national one. The Guardian, devoted to the concept of a supra-national Europe, must now be thinking of the greater effect of the financial crisis. Even the most devoted EU supporters can see that the comments by the Organisation for Economic Co-operation and Development, that the Greek debt crisis is now spreading "like Ebola" , is not a snappy headline from a newspaper sub-editor but the truth.

And while this is going on we are being treated to pages of newsprint about Gordon Brown and his run in with Mrs Duffy. With due respect to her, I would suggest this is not the big story of the week. It was amazing to watch this happen, was it an apology from Brown or an excuse? Remember: "it started in America"? Also all he did was try to lecture Mrs Duffy, talk over her, typical! But the Greek financial crisis will engulf the UK eventually. Earlier in the week London's FTSE 100 was down 1%, following its biggest one-day loss since November. Other countries also suffered, with the Frankfurt stock market down 1.93% and Paris 2.16%, but the big falls were Lisbon down 6% and Madrid 3%.

What a good job it was Brown who took the flak from Mrs Duffy and not Peter Mandelson or Nick Clegg, both keen to get the UK into the euro as soon as possible!