The bail out of Greece tells you all you really need to know about the priorities of the European Union.
Germany, admittedly itself a recipient of loans which did rather propel the Western part into a thriving economy, will provide huge amounts in order to help Greece to prevent them defaulting on their debts.
I don't particularly want any of the money this country does have going to Greece because they are using my tax money to prop up a political ideal. All of a sudden the soon to be ex (I hope or I'm off) Chancellor is talking about lending 'only' £8bn.
Hold on: a couple of weeks ago when you were facing the public vote the concept of not increasing taxes by £6bn was considered to be some kind of disaster strategy only considered in the minds of people who were mad. Never mind the fact that anyone who thinks 'cutting taxes is taking money out of the economy' should be in any position of responsibility (for where do you start with someone who is that dumb); this is hypocrisy.
So not news, then.
Okay, so it's a loan, but with all financial arrangements there are risks and we might not get that cash back.
Olli Rehn made the priorities of the EU clear when he said:
we shall defend the euro whatever it takes
Whatever it takes. They will defend an unnecessary political experiment they took with the lives of ordinary people in order to keep their pet project, their egos and their wish that they all had huge penises, alive.
Greece would be much better leaving the european single currency and taking control of its own monetary policy and thus able to devalue rather than stick to a rate of interest which suits Germany and France.
Of course it would also be helpful if the country didn't descend into strikes every half hour but in the short term I suspect there's more chance of me turning into a life sized statue of Bette Midler carved out of feta cheese than that happening.