Maybe it slipped the Chancellor's mind. He must have a lot to think about right about now. The long-term downward trend predictions for the British economy; the volatile dip in jobs and investment seen in July; the seven week low in the value of sterling today. Not an easy in-tray. But, in case he has forgotten, a few months ago some bold spending promises were made.
There is nothing new in saying that if the Eurozone is to succeed its members will have to surrender more financial independence. Everyone knows that. Until they do, however, its future will remain uncertain and those who invest in it will be taking a gamble. So, for the time being "chips", I think, will have to do.
One thing is clear, that Alexis Tspiras must stand firm in sweeping waters and against the rising tide. Historians will often say that European man is Greek in provenance. As citizens of Europe we know that Syriza is making decisions in constrained space and time, and that they should be proud -- whatever the outcome -- that they have sought to represent a demographic that extends beyond Greece and touches the heart of Europe.
The EU is teetering on the brink of Grexit as the two sides continue to play a momentous game of chicken. On Sunday, Greeks will be voting in their referendum on whether or not to accept the conditions the EU and IMF have put on giving the country another bailout - and the polls are so finely balanced it's too close to call.
Greece's Alexis Tsipras has embarked on a European tour to win support for his economic agenda. European leaders should engage constructively with his proposals. There are many good economic arguments for Tsipras plans but the main reason to make concessions to Greece is a lesson from the politics of the Great Depression.