The UK Coalition government's position in all this is instructive ... apparently ENTIRELY interested in ensuring that the London Financial Sector isn't in any way constrained by any attempts by the EU to rein in its rampant , destabilizing, excesses.. or even impose a small "Robin Hood" tax on transactions.
As far as I know, apart from its huge impact on London Property prices and the spin off from big Financial Sector saleries into the City wine bars , the HUGE tax avoidence by the UK Financial Sector means it has a surprisingly small positive tax revenue impact on the UK relative to its giant turnover. Yet its interests are obvously paramount for the Bullingdon Group chaps.
Even in Lenin's era he was known to muse on whether , because of Britain's predominant world position as an imperialist , rentier, power, not only were all our political parties thoroughly Bourgeois, but our working class was too - so drawn into servicing the needs of imperialism had it become.... sharing in the superprofits of our imperial position.
Even today, our empire gone, the UK population is increasingly a "coupon clipping" workforce for Finance capital, and much of our prosperity depends onthe remaining UK role as a key centre for world Finance Capitalism. We collectively then might be persuaded by our lords and masters to see attempts by the Greeks, Italians, etc, to lift of the yolk of their debt by default, as an attack on us all. I'm not sure where this musing leads I have to admit - But there is currently a series on Channel 4 "exposing" the spendthrift ways of the Greeks which looks like part of a propaganda drive to persuade us all not to feel any solidarity with those fighting the austerity measures imposed by the IMF.
This dependance(or claimed dependence) on the loot of our UK Finance Sector will make it perhaps difficult for the UK radical Right to be quite so snotty in their propaganda about Finance Capitalism as the FN in France or Northern League etc are , if at some future time they want financial support from Big Business - yet this nowadays(with racism of course) is a mainstay of fascist ideology. And it will certainly put off Big Business in the UK from backing the fascists - in a way which might not be quite so evident in Greece, Italy, etc, with their relatively small Financial sectors.