The European Union is a union of the extreme center. It's a banker's union. You see how they operate in country after country, appointing technocrats to take over and run countries for long periods. They did it in Greece; they did it in Italy; they considered it in other parts of Europe.

I think to compare Germany to the Third Reich is utterly ludicrous.

There are huge political problems in Germany, but German economic power is something which was bound to happen. The way out of this situation is through the further democratization of the European Union and a changing of its structures.

The European Union has lost virtually all of its credibility amongst large swaths of the European population.

If you go to former Yugoslav states, the Balkan states, Croatia, Serbia, Montenegro, Slovenia, the situation is dire. Not to mention Bosnia, which is just run like a colony. The way they used to stand up and sing hymns to President Tito, they now salute the EU flag. It's a very strange transition that we're witnessing in most of Europe, and I don't think it's going to work.

The judgement makes no sense at all. It exposes the country, Turkey, to ridicule. It would have been so much better if Ahmet Davotgulu had behaved like a medieval jester, but no such luck for poor Turkey. Its Prime Minister is not taken seriously by too many people.

Economics and politics are so intertwined and interlinked that politics now, mainstream politics, extreme center politics, are little else but a version of concentrated economics. And this means that any alternative - alternative capitalism, left Keynesianism, intervention by the state to help the poor, rolling back the privatizations - becomes a huge issue. The entire weight of the extreme center and its media is turned against it, which in reality now is beginning to harm democracy.