A busy week in the financial parts of the tabloids in both UK and Germany.

The UK wants to have a voice in the talks about talks about doing nothing (my view) whilst Germany is demanding an admission price for the right to participate (Angela’s view).

We in Europe have been living beyond our means for the past decade and the scariest part of all the discussions is that the unfunded national pension liabilities are not part of the “debt” figures being discussed. No private company can get away with such careless lack of responsibility, but governments can and do, issuing IOU’s years and decades into the future. And no one keeps count.

The new man in the European Central Bank (Mario Draghi) is 3 weeks into his job and has found that money promised by politicians 18 months ago has not been paid. He sounds surprised. More from the Telegraph today. He should resign if it is not paid in one month.

The euro project has delivered much good but the idea of a single currency supported by 17 fiscal and political regimes of every colour was naive. The Germans are right but proud politicians and their voters from other countries do not want to admit it. Work harder and longer is not a mantra to warm those who have grown soft.

Austerity talks are an important part of sorting the problem but as long as the minority 1% can shelter their wealth and income in a myriad of tax havens of which many are to be found in Euroland sponsored by their patrons then anger of the people will gather strength. Students outside a church are one thing but is a Euro-Spring too far away?. No: unless our politicians act with selfless courage and vision of a better future paid for by what we do and earn rather than what we borrow.

Money lenders have become too big a part of our lives like a drug pusher in the life of an addict.