I do admire Cameron

A rare man with balls.
France's Nicolas Sarkozy argued that much of the financial crisis was down to a lack of regulation
What complete and total boollox. Europe's financial crisis has been caused by the North African countries (Portugal, Spain, Italy, Greece, Ireland) having had a huge great party on money borrowed from Germany and France. Being in the Euro made this easy, but made a solution (which has to be a default) intractable.
We live in interesting times
It won't affect the EASA gravy train and everybody hanging onto it, but it might make them a little bit more reasonable.