Asked this morning on Today as to what he would advocate to cure the Euro crisis, he said he would, firstly, recapitalise the Spanish banks. Secondly, he said:
Then we have the Greek election in a week’s time and you would want the result of the Greek election to be one which had a series of parties committed to Greece’s Euro membership and the steps necessary to stay in the Euro.
I see. So he’s hanging his hat on an electoral outcome which hasn’t got a cat in hell’s chance of happening.