While we have all been poring over the WikiLeaks cable releases the situation in Europe still seems to be deteriorating.
Now the markets have dealt with Greece and Ireland the fears that they would turn on Portugal and Spain grow more real every day. But even as this is contemplated many are now looking at the dominoes of Spain and Italy saying that if Spain went it would finish the European Financial Stability Facility (EFSF) off leaving it unthinkable of what would occur should the massive Italian economy then go under.
This has led to fears that the EU is secretly planning to double the size of the EFSF from its current and already massive €440 billion (£373 billion).
The one nation at the head, Germany, is now viewed as being potentially at risk if it ends up as being the backstop economy for these huge bail-outs.
Professor Wilhelm Hankel, of Frankfurt University, said 'Germany cannot keep paying for bailouts without going bankrupt itself,'
Credit Default Swaps that measure the risk of German, French and Dutch bonds have risen markedly with fears that they too may be caught in the debt contagion.
Despite the best efforts of the EU to place firewalls between each country's debts, because they are bailing each other out the markets are coming to view them all as a sort of pseudo single bond, where risk is all mixed in together across the entire euro zone and ignores all boundaries.
Many people in Germany are now getting very worried that they will lose their savings should the bad debts get as far as their back yard. And Professor Hankel says that "This is frightening people. You cannot find a bank safe deposit box in Germany because every single one has already been taken and stuffed with gold and silver. It is like an underground Switzerland within our borders. People have terrible memories of 1948 and 1923 when they lost their savings."
So, it's not just the UK that needs to sever any ties it has with the EU. I wonder if someone's already printing or got a ready made stockpile of DMs ready to go? And should the worst occur many would argue that a bullion vault is where you should have any wealth you posses until the smoke has cleared.