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Morning Call: pick of the comment

The ten must-read pieces from this morning's papers.

1. Once again, a nation walks through fire to give the west its "democracy" (Independent)

Robert Fisk discusses the Iraqi election, saying that democracy doesn't seem to work for countries occupied by western troops. This election is likely to enshrine the very sectarianism that flourished under Saddam Hussein.

2. The two faces of Iraq (Times)

The Times leader is more optimistic, saying that although the elections in Iraq were marred by violence, it suggests a brighter future that millions of Iraqis risked their lives to register a vote.

3. Cuts rhetoric won't boost Labour hopes (Guardian)

"Why have swingeing cuts been so widely accepted as necessary?" asks Madeleine Bunting. This is territory long colonised by Thatcherite Tories, and would draw blood among women and the low-paid.

4. Forget the prophets of doom -- I'm proud to be a baby boomer (Daily Telegraph)

The Mayor of London, Boris Johnson, takes issue with the argument of David Willetts's book The Pinch. Johnson maintains that the world is a happier place thanks to his generation, and that the next will look after itself.

5. How banks can help the world's poor (Financial Times)

We need to stop separating investment decisions from philanthropic giving, says Alexander Friedman. Bringing together the building and giving away of wealth will bring about a huge increase in capital flowing to the social sector.

6. Lib Dems should refuse a coalition (Guardian)

The Liberal Democrats are getting boxed in to vagueness about what they would do in a hung parliament, says Jackie Ashley. They should be bold, and say they will back the party with an economic plan closest to their own.

7. The pound will rise as the euro heads south (Times)

Political uncertainty is holding back sterling, says Bill Emmott. But it is certain that the eurozone has a rough time ahead, making the prospects of a British recovery look stronger.

8. Why the euro will continue to weaken (Financial Times)

Wolfgang Münchau agrees that there is trouble in store for the euro -- we have always known a monetary union cannot exist without political union in the long run, but perhaps the long run has arrived sooner than expected.

9. Icelanders deserve our empathy, not bullying (Independent)

The Icelandic people object to the punitive terms of their repayment of £3.4bn to the UK and the Netherlands, rather than the repayment itself. The Independent's leading article says we need a fair settlement that reflects Icelanders' ability to repay.

10. The painful limits of localism (Guardian)

Julian Glover argues that the Tories have taken an important step towards designating the dividing line between national and local. As Labour's high-speed rail proposals show, this is essential.

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