The Irony

It is ironic that the new leaders of Italy (Mario Monti) and Greece (Lucas Papademos), who are regarded by the Europhiles as the potential saviours of the Euro experiment, have not been elected to office.

Whilst the other "leaders" of the Eurozone may regard the lack of democratic process as a "necessary step", in order to save their beloved Euro, the people of Greece and Italy may not be so relaxed about it as and when the two new leaders attempt to push through their economic reforms.

Imposing "benign dictatorships" via appointed technocrats will backfire on the Eurozone, and will inevitably hasten its demise.