UPDATE: "The entire European Project is now at risk of disintegration, with strategic and economic consequences that are very hard to predict," says Ambrose - writing under the title: "The horrible truth starts to dawn on Europe's leaders". He talks freely of a "proto-Fascist organization", and Austrian corporals.
The Guardian, meanwhile, is retailing a tale of woe from Herman Van Rompuy, described as "president of the EU". He is warning that the EU faces a "survival crisis", with the risk of contagion spreading from Ireland across the continent.
In other words, we are getting the usual crap, via a crappy newspaper, which tells us very little, other than the Euroslime are having a hard time of it at the moment. This could be just another "drama queen" act – which the "colleagues" are so good at doing. But if it is for real, we do wish they'd get a move on - this ham actor death scene is getting a tad repetitive. If the euro is going to die, then better it is done quickly before we all die of boredom - or cynicism.
On the other hand, Reuters is warning of dire things should the IMF/EU impose a bail-out. Ireland's public sector workers face the risk of further wage cuts and redundancies and its "sacrosanct" low rate of corporation tax could be raised, says the agency.
Then we start to get into interesting times as a million or so Paddies rip Dublin apart. London cannot be far behind, which will leave Euroslime Dave, with his ideas on "happiness" rather stranded. He would be better off, methinks, calculating a POI (Pissed Off Index), which probably increases every time he opens his mouth.
However, the thought that the EU is that little bit closer to collopse is certainly enough to counter the normal feeling of revulsion engendered by contemplating The Boy, and might even bring to the bring to the fore a glimmer of a smile. Whether we need to put the champagne on ice yet is moot, but we can always be persuaded to consider it.