Britain goes it alone, while Europe muddles on

Updated
Merkel and Sarkozy
Merkel and Sarkozy

So, another week, another much-hyped European 'summit to save the euro'. There must have been half a dozen in the past year alone. I think we are starting to see a pattern....

Here we go again

We get a period of market turmoil, where the yields of the bonds from the latest country to be in the spotlight rise to unsustainable levels, stock markets fall in panic, pundits predict the imminent end of the world, and the eurocrats rush to organise a last-minute summit.

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