A rhetorical question of course after yesterday’s Eurogroup. They dithered and procrastinated put off all decisions, that is more kicking of cans down the road.

One may well point out that this is the wont of Eurogroup and Euro anything meetings, particularly when in crisis mode. However, yesterday’s meeting was a little different. Germany, that bastion of stability, has still not formed a new government and consequently the great Fuhrer (if you’ll pardon the expression, I use it in its literal sense of leader rather than as any kind of historical analogy) Herr Schauble was absent.

So how could they possibly decide on anything at all without his firm hold on the rudder, eh? I ask you!