DAVID WARREN: Europe Digs Still Deeper: “When you’ve dug yourself into a hole, so far down you can’t see the sky any more, the answer is to dig faster. You never know, you might come out in China. This is the primaeval advice upon which Europe’s politicians are now working.”

Plus this: “Place not your confidence in politicians. Economic arrangements which depend upon the goodwill and continuing good behaviour of the political class, must fail.”