Perverse pleasure. There is a secret voluptuous pleasure, a slightly perverse intellectual pleasure, in announcing European Union "setbacks". There is no other way of explaining certain comments that followed the vote by the Danish people rejecting their country's membership of the euro for now. There has been talk of a slap in the face for Europe, a humiliating defeat for the single currency, a brake to European integration…
Of course, none of this is true. The economic and financial...