Guido has said it before; history will be far kinder to Alistair Darling than any of his old government colleagues. This morning he’s the boy pointing at the €uro-emperor’s new clothes with vigour. While his Labour colleagues are silent, he popped up on Today to warn that he was “very sceptical” that the Greek bailout will work and that the Greeks could “stick to eight years of austerity”.

He warned that the Greeks will be “back at the table” for more money. Meanwhile Osborne is saying this morning that the Greeks do not have any other option despite how difficult this is. Now that just isn’t true…