I note the latest bully-boy tactics by the Germans, practically demanding that we raise our corporation tax. They should of course realise by now that they are in no position to demand anything.
At the moment the German economy is benefiting tremendously from the whole Eurozone shenanigan, and will also in the future. The ECB is currently buying our bonds when no-one else will, to avoid us defaulting and pulling out of the Eurozone.
Now why would smart people like that buy our crappy, crappy debt? Well, if we pull out of the Eurozone, the whole house of cards comes crashing down. The euro would fail overnight.
So we are in a pretty good bargaining place, from where I'm sitting. There is more than enough in the EFSF to completely bail out Anglo, and still leave plenty. And it cannot be denied that bailing out Anglo, and hence Ireland, would stabilise the Eurozone, and stop the euro falling against the other currencies and once and for all quell the markets anxieties re: Anglo and its effect on the Eurozone.
So why in hell aren't we saying to Germany, and the ECB: "Hey, um, achtung there, we can't bail out Anglo. You do it with the EFSF, or we in Ireland will have funny looking green money with leprechauns on it by sundown. Enjoy the resulting economic fallout, we'll be too busy devaluing to care."
We are in a position of huge power. Surely they realise this?