On a day like this we may turn to the ultimate Bible story. Guided by the star, the three Magi turned up at the stable in Bethlehem and presented the little baby Jesus with presents of gold, frankincense and myrrh. Nonetheless, the receiver of this generosity was eventually crucified.

Another magnificent trio of miracle workers, today’s Troika (or financial wizards from the IMF the ECB and the EU), just like the three Magi of old have been bestowing gifts not on a baby but on an aged and decrepit entity this time,  called Greece, in the way of billions upon billions of hard Euros. Nevertheless it is unlikely that crucifixion will be avoided this time either.

And a very Merry Christmas to all of you all the same!