From what little I know about the goings-on in Europe, it seems to me to be driven by the heads of state of Germany and France.

Neither of these look likely to be re-elected by their respective countries when the next round of elections take place.

What will happen if their successors change things again? More chaos?

Do not be fooled by all the rhetoric being bounced about,you will no doubt rememeber that this country has had to give up a lot of industrial might to join the the European union and have been a net contributor ever since,you cannot control countries with different spending powers,they probably could have reduced their baleouts by devaluing their currency,s had they not joined the euro ,but that option is not open to them,so they will have to sink or swim with it.Cameron has done the right thing, Germany wants to control all members monetary systems and wants control of our expertise in London.. There is a long way to go yet,and i cannot see all these countries eventually buckling down to French and German domination.

I think Cameron has done the right thing by the country. London is a (if not the) major financial centre and for a tax to be placed on UK revenue by taxing each transaction would cause the UK harm; the likelihood of another tax increase on UK residents or business.

The Euro area has got itself in a mess by failing to ensure the correct levels of parity and maintaining good financial control across all members. It is unreasonable to expect any non-Euro member to contribute to resolving this issue. Or to put it another way, we trade with many other countries not in the EU, would it reasonable to subsidise any one of them in the event their currency got into trouble; I don't think so.

As I remember, one of the ideas of the Euro area was that if one area got into difficulty the remainder would come to its aid; such aid did not include non-Euro members of the EU.

As for the 'experts' in the Labour crowd who not only sold our gold reserves at a knock down price but also depleted our savings (and left a note bragging about it), they should consider the damage done during their reign which has aided the current difficulties we have and be substantially quieter with their 'perfect' advice.