This gets my weekend off on the right footing. The Telegraph reports that "Athens has launched the biggest sovereign bond restructuring in history". Ah yes, part of the Euro rescue plan from which Cameron so rudely opted out, leaving the UK a pariah and dooming the City to irrelevance.
But wait, what's this a the foot of the article ?
"The bond swap will be run from London by Deutsche Bank and HSBC."
Too right! Because with the best will in the world they really don't understand these things in Brussels, Luxembourg, Paris or even Frankfurt. (I particularly enjoy the idea they will require that Euro-denominated derivatives must be settled in Euroland: do these people actually know what a derivative is ?)
Now for the rest of the weekend: let's see what the much-vaunted Welsh back line can manage at Twickers.