Charmingly incoherent

An opening ceremony for a "self-analysing" people.

 

Last night’s Olympics opening ceremony provoked some interesting comments on Twitter. Highlights include the Spectator journalist Harry Cole tweeting: “Not even communist China were so brazen as to extoll their nationalised stranglehold on their country so blatantly”. Meanwhile the Conservative MP Aidan Burley wrote: “The most leftie opening ceremony I have ever seen – more than Beijing, the capital of a communist state! Welfare tribute next?” While other Tory MPs distanced themselves from their colleague, Burley followed up with this additional reflection: “Thank God the athletes have arrived! Now we can move on from leftie multicultural crap. Bring back red arrows, Shakespeare and the Stones!”

Like most of us on Twitter that night, I too was contemplating the ways in which the Olympic Games have always balanced carnivalesque with depoliticised celebration – the creative spontaneity of the director alongside socio-political rituals binding both audience and performers, openly linked to citizenship. The opening ceremony of the Olympic games is always a commentary on the construction of community.

The ceremony can be an unambiguously aggressive glorification of the state. China’s version at the Biejing games in 2008 attempted a kind of direct indoctrination. Its regulated spectacle celebrated “shengshi” – the age of prosperity before 19th-century decline. Tellingly, it lacked any real idea of individual artistic merit. And yet in many ways it worked. While pro-Tibet sympathisers interrupted the journey of the Olympic torch in Europe and North America, the issue was quickly forgotten once the bombast of the opening ceremony took hold. Many misread China’s intentions as tending in a liberalising direction. But the 2008 Games marked the start of even tighter political control, exemplified by the fortunes of artist Ai Weiwei, one of the designers of the Bird’s Nest Stadium. “I don’t believe in the so-called Olympic spirit," he wrote in a recent Guardian article. “The state and the Olympic committee failed to take a position on many major social and political issues”

Danny Boyle’s opening ceremony last night surprised many. It was transgressive in parts, and avoided the kind of explicit constitutional praise that marked China’s Olympics. His paean to the NHS, the evocation of the chaotic upheaval of the Industrial Revolution, the inclusion of the suffragettes and the MV Empire Windrush – the ship that brought the first postwar West Indian immigrants to the UK – allowed some to accuse him of making a selective, left-wing reading of British history.

There was a charming incoherence, too, about Boyle's cultural mashup. I’m not sure how Kenneth Branagh, delivering Caliban’s speech from Shakespeare’s Tempest – “Be not afeard; the isle is full of noises” – while at the same time dressed as Isambard Kingdom Brunel, would have resonated abroad. The music meandered from the nostalgic pastoralism of Elgar through to Dizzee Rascal, by way of noisegaze artists Fuck Buttons.

But perhaps the beauty of Boyle’s creation lay precisely in its ambiguity. For this was a ceremony that attempted to show the British as a “self-analysing people” – a conscious decision after the spectacle of Beijing. Not everyone is convinced, though. More than 100 people were arrested outside the Olympic Stadium last night after a cyclists’ protest.

Fireworks during the Olympic opening ceremony in London (Photo: Getty Images)

En Liang Khong is an arts writer and cellist.

Follow on twitter @en_khong

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Leader: The unresolved Eurozone crisis

The continent that once aspired to be a rival superpower to the US is now a byword for decline, and ethnic nationalism and right-wing populism are thriving.

The eurozone crisis was never resolved. It was merely conveniently forgotten. The vote for Brexit, the terrible war in Syria and Donald Trump’s election as US president all distracted from the single currency’s woes. Yet its contradictions endure, a permanent threat to continental European stability and the future cohesion of the European Union.

The resignation of the Italian prime minister Matteo Renzi, following defeat in a constitutional referendum on 4 December, was the moment at which some believed that Europe would be overwhelmed. Among the champions of the No campaign were the anti-euro Five Star Movement (which has led in some recent opinion polls) and the separatist Lega Nord. Opponents of the EU, such as Nigel Farage, hailed the result as a rejection of the single currency.

An Italian exit, if not unthinkable, is far from inevitable, however. The No campaign comprised not only Eurosceptics but pro-Europeans such as the former prime minister Mario Monti and members of Mr Renzi’s liberal-centrist Democratic Party. Few voters treated the referendum as a judgement on the monetary union.

To achieve withdrawal from the euro, the populist Five Star Movement would need first to form a government (no easy task under Italy’s complex multiparty system), then amend the constitution to allow a public vote on Italy’s membership of the currency. Opinion polls continue to show a majority opposed to the return of the lira.

But Europe faces far more immediate dangers. Italy’s fragile banking system has been imperilled by the referendum result and the accompanying fall in investor confidence. In the absence of state aid, the Banca Monte dei Paschi di Siena, the world’s oldest bank, could soon face ruin. Italy’s national debt stands at 132 per cent of GDP, severely limiting its firepower, and its financial sector has amassed $360bn of bad loans. The risk is of a new financial crisis that spreads across the eurozone.

EU leaders’ record to date does not encourage optimism. Seven years after the Greek crisis began, the German government is continuing to advocate the failed path of austerity. On 4 December, Germany’s finance minister, Wolfgang Schäuble, declared that Greece must choose between unpopular “structural reforms” (a euphemism for austerity) or withdrawal from the euro. He insisted that debt relief “would not help” the immiserated country.

Yet the argument that austerity is unsustainable is now heard far beyond the Syriza government. The International Monetary Fund is among those that have demanded “unconditional” debt relief. Under the current bailout terms, Greece’s interest payments on its debt (roughly €330bn) will continually rise, consuming 60 per cent of its budget by 2060. The IMF has rightly proposed an extended repayment period and a fixed interest rate of 1.5 per cent. Faced with German intransigence, it is refusing to provide further funding.

Ever since the European Central Bank president, Mario Draghi, declared in 2012 that he was prepared to do “whatever it takes” to preserve the single currency, EU member states have relied on monetary policy to contain the crisis. This complacent approach could unravel. From the euro’s inception, economists have warned of the dangers of a monetary union that is unmatched by fiscal and political union. The UK, partly for these reasons, wisely rejected membership, but other states have been condemned to stagnation. As Felix Martin writes on page 15, “Italy today is worse off than it was not just in 2007, but in 1997. National output per head has stagnated for 20 years – an astonishing . . . statistic.”

Germany’s refusal to support demand (having benefited from a fixed exchange rate) undermined the principles of European solidarity and shared prosperity. German unemployment has fallen to 4.1 per cent, the lowest level since 1981, but joblessness is at 23.4 per cent in Greece, 19 per cent in Spain and 11.6 per cent in Italy. The youngest have suffered most. Youth unemployment is 46.5 per cent in Greece, 42.6 per cent in Spain and 36.4 per cent in Italy. No social model should tolerate such waste.

“If the euro fails, then Europe fails,” the German chancellor, Angela Merkel, has often asserted. Yet it does not follow that Europe will succeed if the euro survives. The continent that once aspired to be a rival superpower to the US is now a byword for decline, and ethnic nationalism and right-wing populism are thriving. In these circumstances, the surprise has been not voters’ intemperance, but their patience.

This article first appeared in the 08 December 2016 issue of the New Statesman, Brexit to Trump