One could find oneself trapped in the economic equivalent of a burning building with no exits. In Asia, those countries that have had the most violent reactions to the financial crisis have been those countries that do not have the safety valve of democratic elections. How will the peoples of Europe react to a recession without the electoral means of changing the people responsible?
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About William Hague
William Hague was a contemporary British politician and life peer. William Jefferson Hague, Baron Hague of Richmond is a British politician and life peer who was Leader of the Conservative Party and Leader of the Opposition from 1997 to 2001 and Deputy Leader from 2005 to 2010. He was the Member of Parliament (MP) for Richmond (Yorks) in North Yorkshire from 1989 to 2015. Read more on Wikipedia →