I am both surprised and delighted that Alistair Darling has been so trenchant in telling the EU that Britain will not contribute to a support package to bail out the Euro. Why on earth should we? It is absolutely nothing to do with us. Those of us who warned at its inception that it was unsustainable should take no pleasure at its imminent collapse as the effects will be felt for some time to come. A currency which is formed for political reasons is always going to incur stability problems in difficult economic times, especially when it covers such a massive and diverse area, with economies as different as those of Portugal and Germany. A single interest rate was never going to be appropriate for every country.
No one knows where this sorry saga will end. But it is good that there is cross party agreement that the British taxpayer should not be involved in bailing out the Eurozone.