The backlash has started. It has been slow to emerge, and is lagging that of the US, yet it has begun in earnest. It is, as Wolfgang Münchau, a former FT journalist and editor of EuroIntelligence, has observed: “a seminal shift (for Europe), with important consequences”. It is likely to reshape politics along a new fault-line: No longer the banal issues of ‘uni-party’ (pro-Establishment) politics: marginal tax rates; easy monetary ‘fixes’ and the consequent debt that would accumulate. But...
