"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: to dig their own grave, gratuitously deep."
OMG. This is what we have come to, Europeans would be better off digging a hole to China and embracing their new Chinese fiscal overlords.
This is an outstanding article by David Warren.
And this is just divine: Poor David Cameron, alas, "he had forgotten one of the great truths of politics: that hell hath no fury like a bureaucracy scorned".
Read it all. 
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