Europe’s Bailout Boogie – the new mood music of the EU

Tapped out

This weekend music lovers (sic) from around Europe will gather in Dusseldorf for this years Eurovision Song Contest in a carnival of camaraderie and flag waving. However, such displays are getting rarer around the European Union.

From the frozen north, where the anti bailout True Finns party made massive gains in April’s election, to the sweltering south, where this week saw protests against spending cuts erupt into violence again, the political and social costs of holding the euro together are spiralling as rapidly as the economic costs.

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