We'll agree to disagree on some points I'd agree with the Belgian system comments, although it would be very painful for some countries if introduced. Personally, I think the UK joining the Euro is further away than ever. My forecast for Greece situation ~ there'll be a bailout but unless it comes with draconian spending cuts it will prove little more than a sticky plaster before Greek bonds are hit again and the Euro sold. The speculators will test another weak spot regardless, which I'd predict will be Italy not Spain. If that happens the Euro mettle will certainly be tested.