George Osborne may be right to boast that opposition to what he's doing is "crumbling", after Ed Balls agreed to work within the coalition's spending limits. The Chancellor would enjoy further clout after the IMF and OECD rallied behind his deficit reduction plan. But such groups have tended to be rather fickle in their support for the Chancellor. Osborne should beware relying on fairweather friends as justification for his economic agenda, as they can easily turn against him.
Mohamed Morsi's presidency in Egypt was brought down by his failure to turn the country's ailing economy around after a year in office. But turning Egypt's foreign-aid and foreign-investment dependent economy around in the context of a global economic crisis and on the back of a revolution was never going to be easy.
An unprecedented triple-dip recession has been averted, but yesterday's lacklustre growth figures mean our economy is simply back to where it was six months ago. This continues the overall picture of a flatlining economy in Britain ever since George Osborne's last spending review. In fact, this is now the weakest recovery for over 100 years.
As I write, an MoD plane carrying one million Euros is being airlifted to Cyprus for UK military personnel. It must be a new and very literal definition of 'helicopter money'. And that's the problem. As long as policymakers continue to opt for radically different solutions in every case - then fear and loathing will never be far away from markets and now, once again, from savers.