There’s also little sign that this weekend’s summit will see them make much progress. The Germans are already busy playing down expectations.
From a British perspective, the intriguing question is: what does the coalition do if the eurozone continues to show no sign of getting its act together? When I asked one senior minister what would happen if the six week deadline was not met, he replied with a wry smile, ‘then we’d be even more concerned’. But if/when this question moves from being hypothetical to real, the government will have to have a proper answer.