While we are waiting for Mario and Merkozy plus, just a quick thought on one of the EMU break-up reports hitting my desk daily, and sometimes in twos and threes.
(Ah, how I look back to those halcyon days when it was just we happy few, we band of brothers, a tiny handful of Little Englanders, Danes, Swedes, cheese-eating Souverainistes, and Czech patriots, against the crushing force of orthodoxy.)
The Dutch bank ING has had another go at the numbers, calculating that the Greek Drachma would fall by 80pc against the D-Mark in a full-blown disintegration.
Read the full story here.
