Finland is a small nation with about the same population as the West Midlands. Her people are being asked to stump up £1.5bn for the latest bail-out for Portugal. Many Finns believe that this will just be throwing hard-earned cash at improvident Mediterranean wasters. Normally, this wouldn't matter - European governments are generally quite happy to ignore public opinion on this sort of thing, and in most cases it doesn't even get debated in national Parliaments. But the Finnish system requires a Parliamentary vote to approve the loan - and yesterday's extraordinary success by Timo Soini's True Finn party will almost certainly mean that at the very least the terms of the loan will change, and at worst it may not be approved at all.
There must have been panic in Brussels last night and lights burning late in Berlin. If the Finns dob-out from contributing their share, there's really only one guarantor of last resort - the Hun. But Merkel herself must surely be wondering how much further she can commit an unwilling nation whose views are closer to those of the Finns than is comfortable.
And as the markets open this morning, the price of Portugal's sovereign debt will surely take a hit as the uncertainty grows. As pressure on the Euro-zone grows from a number of directions, the next few weeks will offer a fascinating series of developments as Europe goes all-out to prevent the Euro unravelling.
Incidentally, don't the papers have night-staffs any more? I couldn't find a single news piece about this at 6am, so no links I'm afraid.