The tensions inherent in this approach are neither new nor unique to Goldman, but they have become much more obvious now that its traders have made hay taking short positions against debt instruments of a type peddled to clients by other parts of the bank.

ECONOMIST: Goldman Sachs: Modern Midas | The

At that point it would become obvious to the citizens of Germany that they have been lending rather more to the eurozone's weaker economies than the eurozone's leaders have been telling them.

BBC: Could the euro survive a Greek exit?

We have parties of different identities - that's obvious - and obviously at conference time, those different identities become even more accentuated.

BBC: Transcript of Nick Clegg interview