If a live birth remains possible some more experienced midwives would seem to be required. The insane package of measures agreed over the weekend to try to spare the euro currency, read here, may distract the financial markets for a while but the threat to sterling remains very real.
Losses sustained during a short but sustained speculative attack could take months or even years to reverse. Clegg and Cameron must TODAY privately agree on the main issues, announce the fact of their electoral pact, request Brown's resignation, send Cameron to the Queen then retire to Downing Street to form a crisis cabinet to secure the economy.
Among the members of such an economic team I believe the following are essential (in alphabetical order):
Vince Cable, Kenneth Clarke, David Laws, Oliver Letwin, George Osborne and John Redwood
Stop boiling water and send for the forceps!
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