Given that we will not be able to trade our way out of this economic cul de sac and that our sovereign default would be likely to bring down the whole euro edifice would it not be in the interest of Europe and indeed the wider world to extend some sort of modern day Marshall Plan to the troubled EC states.
When you look at the way the much reviled German people handled their reunification on their own we should hang our head in shame at our pitiful performance.
However, we are where we are and the boil must be lanced otherwise it will contaminate the whole barrel of apples [ Bertie please copy]and we must now wake up to reality and go to Brussels with our cawbeen in our hand and ask them to step in like the Yanks did in Japan after the war and sort us out.
A sort of IMF lite if you like?
We could rescue our national pride sometime in in the future by becoming a modern well run democracy like Switzerland or Singapore and repay it all with interest over the next 40 years.