Mr. Farage got it in right: the political crisis facing Europe may be exacerbated by the domino-like collapse of the economies of the member states. But the critical issue is the future of democracy, i.e., the future of freedom. It is “more serious than economics,” Mr. Farage argued, “because if you rob people of their identity, if you rob them of democracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that really happens.”