Ship salvage experts had been forced to wait until Saturday morning for a high enough spring tide to refloat the vessel, after earlier attempts failed.

BBC: Airbus ship aground - photo by Ray McGowan

Or to put it another way, if Italy is shut out of markets - which is not impossible - then the EFSF in its current form will not have even enough money to tide Italy over, let alone keep alive any other eurozone governments that run into difficulties.

BBC: Southern European banks need most capital

Britain's response was not strong enough to stem the tide and in the 66th, Ruben Wiki ran in to score at the corner.

BBC: Great Britain 16 New Zealand 36