I know we've all heard it before, but yet another reason for staying out of the Eurozone. Our mob may be bad, but at least they are elected (and can be removed) and any changes to tax etc have to be presented in the Budget and passed by Parliament in the Finance Act. Seems to me this deal was agreed by largely unelected bureaucrats (EU and IMF). Who now would hold funds in Italy, Greece, Spain or Portugasl, where the same thing could happen?