Opinionomics | 21 May 2012

Must-read comment and analysis. The rapidly receding chance of everything being alright in the Euroz

1. The euro is ripe for creative destruction (Guardian)

The realistic options for the euro are that it breaks up or staggers on in a zombie-like condition, writes Larry Elliott

2. The Facebook IPO Was Reverse Quantitative Easing (Business Insider | Money Game)

Joe Weisenthal looks at what happens when billions of dollars of cash are removed from the economy.

3. We need more and better data, not less (CalculatedRisk)

CalculatedRisk defend the Census against Republicans who would defund it.

4. The economy: a calamitous strategy, with no end in sight (Observer)

At heart is a complete failure to understand why the financial crisis took place, says the Observer in a leader.

5. Fighting Climate Change With Low-Tech Tools (Bloomberg View)

How privatising nuclear reactors helped stop climate change.

"Hah, look, they think they have an economy!" 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.

Getty
Show Hide image

Tony Blair won't endorse the Labour leader - Jeremy Corbyn's fans are celebrating

The thrice-elected Prime Minister is no fan of the new Labour leader. 

Labour heavyweights usually support each other - at least in public. But the former Prime Minister Tony Blair couldn't bring himself to do so when asked on Sky News.

He dodged the question of whether the current Labour leader was the best person to lead the country, instead urging voters not to give Theresa May a "blank cheque". 

If this seems shocking, it's worth remembering that Corbyn refused to say whether he would pick "Trotskyism or Blairism" during the Labour leadership campaign. Corbyn was after all behind the Stop the War Coalition, which opposed Blair's decision to join the invasion of Iraq. 

For some Corbyn supporters, it seems that there couldn't be a greater boon than the thrice-elected PM witholding his endorsement in a critical general election. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

0800 7318496