Seen from London and other places that might still be called the commanding heights of global finance, the countries of eastern Europe look much of a muchness. With the big exception of Russia, the rest tend to merge when viewed by crisis-weary traders glued to their screens. Sell one, sell all has been the motto. And down they all have gone – the Polish zloty, the Romanian leu and the benighted Ukrainian hryvnia.

Journalists too, including this one, often put everything together under one headline. “Turmoil over eastern Europe”, “Eastern Europe fears trigger rush for safety”, and so on. With little space and time what else can be done?