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  you are a bit of a doom and gloom merchant philip but i think that you are not exaggerating the gravity of the situation.
  
  i watched president obama the other day and he was clearly stressed out over the eurozone situation.
  
  mrs merkel thinks that if we all become one country problems would be instantly solved.
  
  i have been monitoring the overall situation and all i can see is politicians of every hue and country looking earnest in the hope that someone else is clever enough to come up with a solution.
  
  the funniest of all was boy george with his insistence that our recovery was being held back by the eurozone crisis.
  
  must be me but i never noticed that we were recovering.

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