The Germans might well get angry, but they were moronic enough to buy 60% odd of our banks bonds. Not so clever now....
Also, the penny hasn't dropped yet amongst the academic heroes of our airwaves that the reason the Brits and Germans are clamouring for a bailout is that their banks are so up to their balls in Irish sov and bank debt, we'll still go down in flames, but we'll bring their banks with us.
That's realpolitik....
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