There is uncertainty tonight in the troubled peninsular of Europe as one part of the formerly united territory prepares to mourn the passing of its once all-powerful currency.
Publicly it is stated that there will be continuity in the regime; but the ruling clique has not yet revealed any credible plans for managing the inevitable process of change. All pretence of democracy has long since been abandoned, and arbitrary decrees are being published by technocrats who have taken complete control.
The regime has turned hostile rhetoric onto the other part of Europe, which it holds to blame for its catastrophic economic situation in order to deflect criticism from its own decade-long policy failures. Some fear it may launch an attack on the banks of its neighbour across the narrow strip that divides the two territories.
In the state of heightened tension, the regime hopes that China will come to its aid. But official Chinese statements have been guarded: and commentators observe that China has become increasingly exasperated with the inability of its client state to manage its own affairs effectively, and is expected to keep its distance.