Keep calm and carry on. Britain gave us this advice on naff posters, coffee cups and tea towels - now London and Birmingham do the opposite.
Suddenly New Zealand - as if some of us ever doubted - looks a good place. It's hard to suppress the schadenfreudic feelings towards the wealthy ex-pats who fled to escape taxes, socialism and Helengrad, who now find themselves on the fringes of the eurozone.
Not that we shouldn't be a little nervous and frugal. For instance, John Key was bad to dismiss Retirement Commissioner Diana Crossan's Review of Retirement Income Policy that recommended the age of retirement be raised to 67 by two months a year until 2033.
Two months a year! Only raising it just two years from 65? Sorry to shout, readers, but MPs had an attack of the vapours and stuffed this eminently conservative recommendation in the bowels of the Parliamentary Library.
Crossan predicts our super scheme will cost more than 7 per cent of gross domestic product in the future. If we carry on in denial mode, selfishly hoovering up our share, there'll be nothing for future generations. New Zealand will indeed be like the PIGS - Portugal, Ireland, Greece, Spain - borrowing beyond our means to spend on lifestyles we can't afford.