what is worrying for me, having been there, is Cameron suggesting that we will not be involved in a Euro bail-out. Greece, the obvious candidate, okay but it is a mere pluke on the financial map and the UK banks have reduced their exposure to mere millions.
However, France is on the edge. Foreign debt to GDP is put at nearly 250%, Government debt to GDP, 91%. This is not sustainable. France's exposure to the UK is in excess of 240bln Euros. If they sink, we have to be in and it's going to take a Marshall Plan to sort that mess out....the US is in as well for a similar amount.