Just when you have not heard any bad news about the EU and its Euro currency recently up pops a story about Greece. It seems that Greece is not out of the financial quagmire yet and may need another bailout. What a surprise, we don't think.
Greece have announced that they need another 10bn euro bailout but that they will not accept more austerity measures. Can you blame them? Austerity only hits the ordinary folk and there is only so much a person can stand before they contemplate anarchy. Once you have nothing left to lose, what is there to protect?
BBC News has an image of a smiling Greek Minister, Yannis Stournaras, who said: "If there is need for further support to Greece, it will be in the order of about 10bn euros (£8.6bn; $13.4bn), or much smaller than the previous programmes."
The woman wielding the big stick, and carrying the power in Europe, Germany's Angela Merkel, has warned about writing down more debt. In truth though those EU countries that have needed a bail-out have been all treat differently. Some have been set crippling austerity measures, others have not. Greece has already received bailouts totalling 240bn euros.
As if that was not enough the BBC News report also states that "The International Monetary Fund (IMF) last month estimated Greece would need around 11bn euros in 2014-15."
The EU and Euro are finished. Those who throw good money after bad to prop both up do so with their own ends in mind. Having thrown all our eggs into one basket many European countries would struggle to trade independently. Some countries have been looking after their own backyards and shoring up their country's reserves in case the unthinkable happens and the EU collapses. The brand spanking new offices of the ECB, built at an obscene cost, will grace Frankfurt in the area of Germany where it was built, no matter who occupies it.
The European Central Bank will be competed in 2014 at a cost of, wait for it, at least 1bn euro.
As always the biggest losers of the EU and Euro fiasco will be the ordinary men, women and children of the region. They will suffer for generations to come from the incompetence of Ministers who failed to get to grips with the economic crisis of 2008 and resolve matters.
All that has happened is good money has been thrown after bad and we have all sunk deeper into a pit of debt. When you look at the economics of Europe it not hard to see why some politicians appear to want war. A conflict especially if it spirals into a global affair is a good population and economic leveller.
But surely, I hear you ask, our leaders would not take such a course of action and for such reasons? The answer of course is, well they have before.