View from City Road: Disney melodrama is not over yet

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Like an expiring ham actor in one of its Wild West shows, Euro Disney seems determined to string out its part for as long as it can.

Does anyone apart from those involved seriously believe that this refinancing will be the last? Is it really credible that les citoyens of Europe will radically revise their view of the desirability of queuing for rides in the rain? Will France suddenly metamorphose into a cheap destination for holidaymakers? Will the share price avoid a further collapse? Will pigs fly anywhere, apart from round Le Chateau de la Belle au Bois Dormant at parade time?

Those with any doubts about the likely plot of the next few acts of this engaging little melodrama have only to turn to this week's non-opening of the Channel tunnel for clues.

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