It's so unusual that it's worth a mention: a reasonably accurate portrayal of the EU's powers by a UK newspaper! So, newspapers can print things other than Eurosceptic scare stories…

"The EU's spectre is manifestly not haunting Europe

"In most areas of public life, acts of parliament are still passed in Westminster and Holyrood, without reference, or much reference, to Brussels. Most [EU] regulation is, however, directed to ensuring that the single market (essentially a British creation) works fairly and effectively.

"We have a European Parliament with less power than the Scottish Parliament - it can't make law on its own as Holyrood can; a European civil service (the Commission) which may have too great a power of initiative, but which again is not an autonomous law-making body; and the Council of Ministers. That body has real powers, but these are limited by the various treaties."

Amazingly, this comes three days after an FT leader said:

"Criticism of Europe's Central Bank is misplaced

"… The ECB'S institutional framework looks increasingly superior to the competing models in the UK, America and Japan."