And what is the reaction of the British politcal class? Well the Lib Dems, still think that the Euro is a success! I don't quiet think where Cleggy gets this from, I don't know. Prehaps he is cosidering an alternative career, as a stand up comedian, once he's out of politics.

The euro Titanic has now hit the iceberg - and there simply aren't enough lifeboats to go round.

America has borders. You have quite strict borders, actually. Even getting a work permit in New York actually is quite a difficult thing to do. I've got to prove I've got an address. I've got to prove I have private health care. And when my work permit runs out, if I haven't left, there'll be a knock at the door, they'll put me in handcuffs and take me to JFK Airport. That's how you guys do it.

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.

This is taking place inside Europe. This is taking place inside a once great nation. The nation that invented democracy. We are on the edge of total social breakdown. And frankly, as far as the euro is concerned and the austerity measures are concerned, the medicine is killing the patient.

No deals with the Tories; it's war.

Greece isn't a democracy now it's run through a troika - three foreign officials that fly into Athens airport and tell the Greeks what they can and can't do.