John Ward – EU Hubris : Dreaming Is Good, But Somnambulism Is Dangerous – 20 July 2012

If you haven’t read it in the Telegraph yet, then Ambrose Evans-Pritchard’s  analytically succinct extrapolation from the latest IMF missive is a joy to read and a marvel of making the complex accessible. AEP’s main conclusion is that the IMF has written off the euro project. That’s it, but by God he’s right…and by God, the ramifications of this are awesome.