Opinionomics: today's best analysis and opinion

Was the Greek default the best result? And did inequality lead to the financial crisis?

1. Why our pension schemes and arrangements do not work (Tax Research UK)

Richard Murphy suggests that we are thinking of pensions the wrong way, and that while we cling to our faulty conception, they will never be financially viable.

2. Britain can do without a Pol Pot of banking (The Telegraph)

Jeremy Warner argues against Vince Cable's desire for a British Investment Bank, claiming that it is just a chance to give the government yet more power over spending.

3. The Eurozone youth of today (FT alphaville)

Lisa Pollack looks at why the Eurozone has such a staggering level of youth unemployment.

4. How to love a Greek default (BBC)

Robert Peston explains why the news from Greece this morning is probably the best we could have hoped for.

5. Inequality & the crisis (Stumbling and mumbling)

Was inequality to blame for the financial crisis? asks Chris Dillow

Thousands of students march against youth unemployment in Rome. Credit: Getty

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

Photo: Getty
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Britain's largest communications union to affiliate to Momentum

The CWU, one of Corbyn's earliest backers, will formally affliate to the organisation.

One of Labour’s largest trade unions is set to affiliate to Momentum after the ruling executive of the Communications Workers Union voted unanimously to join the organisation.

The CWU, Britain’s largest communications union and the fifth largest affiliate to Labour, was one of the earliest backers of Jeremy Corbyn. 

Dave Ward, the union’s general secretary, told the New Statesman that “the general election showed the value of Momentum as part of the wider labour movement”, and that the body, which emerged out of Jeremy Corbyn’s 2015 leadership campaign, was now “a major political force in the UK”, saying it had a  “key role to play in securing a transformative Labour government”.

The NEC’s vote will now go to a ratifying vote by the CWU’s annual conference. 

Stephen Bush is special correspondent at the New Statesman. His daily briefing, Morning Call, provides a quick and essential guide to domestic and global politics.