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The great imponderable, the German Election, is nearly past but had curiously little to say about Europe, though what it did say was largely to leave the door open to substantial developments. [See my note on the Implications of the Grand Coalition.]
As the politicians pat themselves on the back that the crisis is past (which it is not), their thoughts are turning to the political construct that ought to legitimate the economic governance that has been abruptly created to fend off the financial storm. That could put the UK on the edge of the periphery.