I was thrilled to learn from briefings in today’s papers our problems are all to be solved by a E3.0 trillion rescue package for the Euro. Banks will be recapitalised, sovereigns in need lent more money, some bad sovereign debts written off. I have just two simple questions. Where does the E3.0 trillion come from? Who pays the bills?
If there is a spare E 3.0 trillion hanging around, you would have thought they would have spent it already.