Apologies for continuing the thread creep but why would Easyjet want to pay any money whatsoever for Monarch?
Monarch don't own any of their aircraft and Easyjet already have access to the majority of airports that Monarch operate out of.
As per when BMI Baby went under other airlines just cherry picked what they wanted/needed to expand their own networks.
Easyjet could just sit and wait and get what they want without the hassle of taking on another airline and all of its staff.
Sound harsh but I think this is more likely the scenario.