David Cameron's "big, open and comprehensive offer" to the Liberal Democrats seemed to be aimed just as much at his own party - no compromise on immigration, defence or Europe - as to Clegg's. A committee of inquiry on electoral reform, agreement on pupil premiums, scrapping ID cards and a vague commitment to a "low carbon economy". As Menzies Campbell immediately responded, that's no grounds for a coalition.
UPDATE: Tory on the Beeb says Britain is "days, weeks, months away from being Greece". So that's how desperate they are.