Financial meltdown. As Ben Brogan says this morning, it tends to concentrate the mind. And so it is with
the coalition, after days of infighting and spiteful diversion. The meltdown is not our own, of course, but that of the Greeks. And although much will be said by Conservative and Liberal Democrat
politicians about how “there, but for the grace of George Osborne,” etc., the real issue for them is simply this: how much are we in for? If Greece requires another bail-out, how much
British money might be involved?
Osborne himself – speaking across the news channels yesterday – has set out out a firm line. “We certainly don’t want to be part of any bail-out of Greece,” stresses the Chancellor. Although, as everyone knows, wanting something doesn’t necessarily make it so. Vince Cable, then, got closer to the truth of it, in interview with Sky: “There are the support mechanisms within the eurozone, which we don’t subscribe to.
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