That's a good sign - that market forces are slowly but surely gaining the upper hand. Bond yields rise; panic; announce another tranche of funny money; bond yields fall slightly; realisation that the money is funny; bond yields rise; panic; rinse and repeat. Luvly jubly.

Meantime, economies contract (absolutely inevitable) so the rise of social forces will be next, aka growing civil unrest.

So, bond markets, currency markets and ordinary people need constantly to increase whatever pressure they're able to apply on the EU dictatorship.

Remember, these guys don't do democracy; certainly not without a fight. And by their actions, Europe's triumvirate mafia (the politicos, the bankers and the bureaucrats) are setting up for the mother-of-all fights with their citizens. It's called the 'Lisbon Treaty', by the way (remember Gordon Brown signed-up the UK in a broom cupboard somewhere overseas, after the main signing ceremony; he was/is that sort of bloke).

Indeed, the mafia has done surprisingly well to keep the lid on for as long as it has; or to kick the can as far down the road as it has; choose your metaphor. Of course, what they've done is to ensure that when the lid does blow off (for blow off it will), the socio-economic mess will be unholy and unprecedented.

So the fight is definitely on now: the triumvirate mafia versus 495 million ordinary citizens. May the best team win.

PS It is surreal isn't it that the continent of Europe has got itself into a situation not of conflict between nation states, but of conflict between rulers and the ruled. I wonder if the designers of the grand European project had anticipated this eventuality?