The failure of the euro will signify the failure of the European ideal, and that is why eurocrats fight so hard for it. What should have been a club of free-trading nations over-reached itself, and sought to unite people with little or no common culture, politics, language or economic history into one coherent federation. It could never work. The generation that thought it could is either dead, senile or (in Chris Patten’s case) governing the BBC. The dream is over: it only remains to be seen how much more German money will be squandered before everyone finally admits it.