George Soros, is the man who broke the bank… not in Monte Carlo but, in a way, the Bank of England! Well he may not quite have broken the Bank of England, it would take more than that, David Cameron please note, but he did give it quite a jolt.

Anyhow, Mr Soros has now predicted the outcome of the Greek Elections. He says the conservative New Democracy party, bound by the personal signature of its leader to carry out every single term of the so called bail out agreement, shall win the election. Albeit by a small margin, because the Greek electorate has been terrified out of its wits. And that after that Angela Merkel will only have three months at her disposal to save the Euro.

He may very well be right. It is perfectly true that every last stop is being pulled to terrify the Greeks and force them into submission, much as happened in Ireland. Of course they did have one great big scare tactic in Ireland that they cannot use here in Greece. That is the threat that if you don’t vote the way we demand, you will turn into another Greece!!!

Ha, ha, that one they cannot use on us!!! Mind you they are telling us we will be instantly propelled back into the stone age. And to a certain extent terrorization has worked and is working. Though in defence of the Irish it is only fair to point out that only half the electorate bothered to go and vote at all. Hardly surprising since whenever they have expressed themselves negatively towards EU dictates they have been sent back again and again till they get it right.

So perhaps this was not so much the triumph of blackmail and terrorization as it was of mere weariness. Why bother? In any case it was not a resounding endorsement.

Now, with regard to Soros’ prediction, though he is probably right about the outcome of the Greek election, personally I wouldn’t go as far as betting on it. But as to his three month estimate there is no doubt in my mind that he is exactly right. Unless it is not even three months.

I would say that a New Democracy led government might just make it to three months, whereupon it won’t just collapse but it will do so in a very bloody heap. But that’s not the only part of the equation. There is Spain, even Italy and the persistence, above all of The Frau’s Nonsense Economics leading us all straight into perdition.

There are some mumbles about needing growth, for what they are worth, even more noises about turning the fiscal stability pact into a full blown fiscal union, and sending all those unable to reach targets straight to court and fines and other such vindictive Teutonic remedies.

We are being told that these brilliant ideas for saving the Euro will be presented at the end of June summit. However, there are some interesting ideas being bandied about such as increasing the powers of the European Parliament, making the Commission answerable to it, and things like that, all of which would be very welcome, if they were being made in good faith.

But we are being told that the flesh on the bones of these skeleton ideas will be put on gradually throughout the second half of 2012. To me this stinks dangerously of another little delaying tactic by The Frau. Just another instance of choosing to kick the can down the road in order to avoid dealing with anything. If so, and I hope I am wrong, these skeleton plans will only lead to the skeleton of the defunct Euro that will have passed away owing to lack of intelligence and the almighty preponderance of dogma.

But remember, George Soros has only given you three months to save the Euro, provided the election in Greece goes the way you think you want it. But do be careful what you wish for mien Frau. It just might come true!