Greek economy out of the woods at huge cost to ordinary people

The Greek PM Antonios Samaras annouced today that specualation around the exit of the country out of the Euro was now dead and buried. Merkel rushed to confirm this so in the usual Euro tradition all seems to be well and fiscal integration is a few weeks away. It will mean the ECB will have powers over the 17 Euro zone member states to regulate what national banks do bbut more than this it will also mean that they can tell governments what their budgets can or cannot include.