1.   When the realization of this news had permeated through to the remotest island, the initial market euphoria subsides, as does the level of output.

2.   This carries the clear risk that once the initial rate cut euphoria has subsided there may be a revival of EMS pressures.

3.   Once the electoral euphoria subsides, reality will bite.

4.   Yet even before the euphoria subsided, questions arose over whether the ploy would work as advertised.

5.   And even support-group participants find that once the euphoria subsides, they must grapple with issues long subjugated to their illness.

6.   The euphoria had barely subsided when Real retaliated just two minutes later.