Good post Ed. I particularly like the Greek story: There was a man called Lucas Papademos, who as head of the bank of Greece, cooked the books so that Greece could join the Euro. Everyone knew that the Greek economy was no where near the criteria required. For his trouble he was appointed deputy head of the European Central Bank. As the years went by the French and German banks (partially at the behest of the French finance minister - Christine Lagarde) flooded the Greek economy with cheap credit to shore up its position within the Euro. When the inevitable and widely predicted crash came, the Greek premier Papadopolous was summoned to Berlin and told he had to impose sever austerity on the Greek people. (This was real austerity, not the mild rebalancing seen in the UK). He quite rightly said he had to put the matter before the electorate so the troika (ECB, EU Commision and IMF headed by the self same Christine Lagarde who had partially caused the greek collapse) removed him from office and replaced him without the inconvenience of elections, completely contrary to international law. And who did they replace him with? None other than Mr Lucas Papademos who caused the collapse in the first place. Isn't the EU nice?