Last week I suggested the UK should offer to issue Eurobonds to help force the eurozone into early action. The idea caused the expected amount of spluttering and comments on my political naivity. But this was the point. If the British authorities cannot imagine taking part, why do they roll their eyes at Germany’s refusal to do likewise?

Today, there is further evidence to show British, German or Swedish participation in eurobonds, while politically difficult, is far from impossible.  Read more