German Constitutional Issues

The decision of the German Constitutional Court that the bailouts agreed by the German government are constitutional has had a great effect on the world's stock markets although I fail to see why since the eurozone is still in crisis and as likely to implode today as it was yesterday or at the very least is likely to end with the expulsion of Greece and possibly one or two of the other PIIGS countries if not them all. It is thus difficult to understand why Osborne is not advising the eurozone countries that it is better to organise an orderly re-arrangement of the zone's rules and members rather than suffer a disorderly implosion which must be to everyone's, including our, greater detriment rather than an orderly change. It is also difficult to understand why Cameron and Osborne are not seeking to amend our relationship with the EU to one which most people in this country can live with. There is a significant number whose preference is to leave the EU altogether but if this is unlikely to happen then that number plus those who want our relationship with the EU to become more like the Swiss or Norwegian relationship are thought to command a majority of voters. It is not only on the EU that Cameron and Osborne seem reluctant to act but also on the 50p tax rate. What is holding Cameron and Osborne back? Is it a lack of guts or is it because they are holding their fire until a moment they consider more propitious? For the time being they can have the benefit of the doubt but if there is no movement on any of these fronts in the next three or four months we will be forced to believe it is because they want a quiet life.