It takes the chief political correspondent of the loss-making Guardian in order for us to learn that IDS is saying that we don't give enough credit to David Cameron – "the first man to veto a European treaty".

When you get that profound level of ignorance among senior Tory ministers, there is no going back. You are not dealing with people of this world, people who are actually capable of understanding what is going on around them, and reacting sensibly to what they learn.

And from the mouth of the babe, we also learn that he [Cameron] "will veto something [on the EU budget] that he cannot bring back to the British parliament". These, says IDS, "are strong words compared to the last government and even governments before". Thus, Duncan Smith disagrees with the "rebels", telling Andrew Marr's Ego Show that, "He [Cameron] would love to come back with a real terms cut. I would love him to be able to do it".

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The worst of all possible worlds ... neither in nor out, bearing all the expense, all the regulation without even sitting at the "top table" ... that, at least, is how it must be sold.

Yawn... wake me up either on Nov 8 if Cyprus doesn't get its bailout, or Nov 16 if Greece doesn't get its next one...

Yes ... on QMV ... and nothing Mr Cameron can do about it.

They are a bright bunch down at the Telegraph:

"There is no point in prevarication: experience shows that the EU’s response is simply to spend more money, and take more powers. "

"Others insist that the real priority is to press for reform of the EU’s “Structural and Cohesion Funds”. As we report today, huge sums are misspent by these Funds. Britain’s contribution would be far more efficiently allocated, and much less likely to be wasted, if it did not go via Brussels, but was spent in Britain – with the decisions on how to spend it also taken here."

How's that for some masturbation?