Follow the leader © fintag

News comments:
Guilt causes lots of problems and the UK has more than most. Although it has been happy to give into any legislation thrown at from Brussels, to which many of us have turned from vibrant go getters into form fillers and Reggie Perrins, our saving grace has been never to join the Euro.

I have thought long and hard about this for many years and grown tired of the low grade analysis espoused by its supporters. The currency is dead but Ireland, Portugal, Greece et al will not leave voluntarily because while they can access a bail out fund then its worth hanging in there. They will have to be pushed because they have failed the stress tests and the various treaties and directives that state what their Debt / GDP levels should be.

Or will Germany just jump and leave the rest to it? Fascinating times indeed.

Whilst the Euro takes a plunge, tuck into some Canadians or Aussies.

Today's shorts:
Britain is just too nice says IMA (telegraph)

Today's longs:
Why Labour took History off the national curriculum (cityam)
Paint, canvas, follow this way (bloomberg)
AUM reaches 2008 levels (hfw)

Gossip:
Banks to rename bonuses "Danger Money".