Some time back I was guilty of mentioning the rumour that the public might be hoarding “German” euronotes (X-rated!) and getting rid of those issued by the PIGS. My attention has been drawn to a trenchant piece by Willem Buiter that shows there is no logic behind this mischievous piece of British Euroscepticism.
See http://blogs.ft.com/maverecon/2008/11/eurosceptics-remedial-education-class-1/.