Gordon may spin the line that the weekend meeting of Europe's Heads of State and Government was about agreeing a common line on measures to tackle the recession, but it was really about the fragile eastern European nations asking Germany to release the purse-strings on Hans and Trudi's savings to get them out of trouble. And Merkel said no.
When the camouflage comes off there are no two more protectionist nations than France and Germany. France is going all-out to protect its car brands. And Germany, I think, will hang on to its money until the crash bottoms out and the fire-sale starts.
How the ordinary people of eastern Europe will react to the divergence between the brave Euro rhetoric and the self-interested Euro reality doesn't take much guessing.