It’s been a day chock-full of bollocks from start to finish.

This ‘summary’ appeared at the Telegraph’s Debt Crisis Live page on its website today:

‘Investors relieved after Moody’s downgrade removes more uncertainty over eurozone as China ‘get your house in order’ warning and Barroso eurobond comments raise hope of decisive action from European leaders.’

When you have to write in this manner to interpret what’s going on, then (a) there’s something wrong with what’s going on or (b) you’ve no idea what’s going on. Either way, it was beyond parody – so I merely present it here…..and point you at an Irish Times piece by Fintan O’Toole, who is equally fed up of bollocks.

As for Mr Barroso’s eurobonds outburst, I give up really. As a young man he was a Marxist, and frankly it shows: he obviously still believes that property is theft, although why he thinks Germany, within a week or two, would vote to be the only issuer of such a bond beats me. But everyone has been behaving oddly today. The City of London is to sue the ECB – like most things British, a bit late – and Ed Miliband cracked a halfway funny joke at PMQ’s, telling Dave that George Osborne had “lashed himself to the mast, and probably not for the first time”. This was a reference to his alleged fondness for a black dominatrix.

The TUC took the same attitude to pension cuts, by deciding to blame the Tories and thus go on strike. It is an easy cliche I know, but they’d be much better addressing their concerns to overspending pillocks sporting £23,000 Patek Philippe watches, and going on international lecture tours at £40,000 a pop. Alternatively, UNITE would get far more public sympathy if it rounded up the 40,000 senior civil servants who voted themselves £1.3 trillion extra pension emoluments between 2005 and 2010, and started hanging them one by one until they agreed to give these up. Because that alone would slash the National Debt Liability by half…and leave plenty of room to restore those UNITE pensions.

What the Unions won’t get is any support from Ed Miliband. So their one hope now is for a sudden burst of public sympathy. By the time strikes start in November, whole swathes of the electorate may be foraging in the hedgerows, so the TUC shouldn’t hold its breath.