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    Sadly Brian, whilst I am a europhile, there is a lot of truth in what Barry & Peter say.

    The eurozone is a construct conceived so as to be of benefit to France & Germany in particular; unfortunately the Club Med countries chose to play the game by different rules leading to in many instances huge structural deficits that they thought the French and German economies would fund ad infinitum. This was plausible (just) when we were in the economic good times, but totally impossible in the bad times, and of course the German and French people do not want to be seen or used as the lender of last resort for the Club Med etc. when these countries have pi55ed away all their money.

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