Opinionomics | 11 May 2012

Must-read comment and analysis. Featuring more on the Grexit and a 101-year-old Nobel Laureate.

1. If Greece goes... (Economist | Free Exchange)

What would policymakers have to do at the moment of a Greek exit to persuade investors and depositors that Greece really was the exception proving the rule of euro unity?

2. Nobel Laureate: 'I've Been Wrong So Often, I Don't Find It Extraordinary At All' (NPR | All Things Considered)

NPR's Melissa Block speaks to Ronald Coase, 101-year-old Nobel Laureate in Economics.

3. The Unequal Impact of Inflation (ToUChstone)

Duncan Wheldon shows that over the past year high inflation has hit the poorest much harder than the high earners.

4. Derivatives trader: 'The trouble is, regulators are idiots' (The Guardian)

Joris Luyendijk speaks to a trader about City short-termism, high pay, the excitement of recent years and why he now wants a way out

5. Telegraph distorts the truth on energy bills (Left Foot Forward)

Will Straw rebuts the Telegraph's claim that green policies are adding over £200 a year to energy bills.

A lighthouse in San Francisco. Roland Coates found that lighthouses aren't a public good, as originally thought. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Tory Brexiter Daniel Hannan: Leave campaign never promised "radical decline" in immigration

The voters might not agree...

BBC Newsnight on Twitter

It was the Leave campaign's pledge to reduce EU immigration that won it the referendum. But Daniel Hannan struck a rather different tone on last night's Newsnight. "It means free movement of labour," the Conservative MEP said of the post-Brexit model he envisaged. An exasperated Evan Davis replied: “I’m sorry we’ve just been through three months of agony on the issue of immigration. The public have been led to believe that what they have voted for is an end to free movement." 

Hannan protested that EU migrants would lose "legal entitlements to live in other countries, to vote in other countries and to claim welfare and to have the same university tuition". But Davis wasn't backing down. "Why didn't you say this in the campaign? Why didn't you say in the campaign that you were wanting a scheme where we have free movement of labour? Come on, that's completely at odds with what the public think they have just voted for." 

Hannan concluded: "We never said there was going to be some radical decline ... we want a measure of control". Your Mole suspects many voters assumed otherwise. If immigration is barely changed, Hannan and others will soon be burned by the very fires they stoked. 

I'm a mole, innit.