We have been here before.
A First Minister leading a minority administration at Cardiff under threat from political rivals because of a row over European funding.
Five years after Alun Michael was effectively forced out of office, a possible challenge looms for his successor First Minister Rhodri Morgan.
Will history repeat itself in the Assembly?
Parliamentary leader Elfyn Llwyd believes a no-confidence vote looms for Mr Morgan unless the First Minister can secure firm guarantees from the Treasury that it will meet any shortfall in European aid caused by the collapse of the European Union's budget talks.
The UK Government has promised Wales would not 'lose out' but Plaid Cymru insists this vague assurance falls well short of a guarantee to provide the full funds which had been a Brussels certainty up until the ill-fated summit.
Mr Llwyd said yesterday European aid was such a 'fundamentally important issue' it could lead to a no-confidence motion in Mr Morgan's leadership.
And he stepped up pressure on the First Minister in the Commons yesterday by asking Tony Blair whether he had received any representations from Wales about the aid issue.
The Prime Minister failed to answer, which was taken by Plaid Cymru as a tacit admission the First Minister had not been sufficiently involved.
Mr Llwyd said, 'Clearly the UK Government has failed to repre- sent the interests of Wales in its dealings with the EU and, even more shocking, the First Minister has failed to adequately represent Wales' interests in his dealings with the UK Government.'
Jill Evans, Plaid Cymru's deputy president and MEP, said, 'It beggars belief that Rhodri Morgan has failed to stand up to Blair on this. Mr Blair has clearly put the interests of the Treasury before the interests of Wales, which clearly didn't figure in his strategy. Rhodri Morgan stood back and said nothing whilst Wales was robbed of £3bn in European funding.'
West Wales and the Valleys has received more than £1.2bn of European funding over the last six years but the region remains one of the most impoverished in Europe.
Had Europe's leaders agreed the budget last week, the region would have qualified for another round of aid and following that seven more years of wind-down funding - worth a total of £3bn.
The delay raises the ironic prospect of Welsh economic growth nudging the nation above the limit set for Euro-aid.
Mr Morgan has admitted West Wales and the Valleys had 'missed the golden scenario' of full regional funding.
It was a Plaid Cymru no-confidence motion which effectively toppled Mr Michael in February 2000. The nationalists, outraged by the failure of the then First Minister to secure Treasury pledges of match-funding for £1.2bn worth of European grants, tabled a motion questioning Mr Michael's leadership. The First Minister decided to jump before he was pushed but the motion was carried by 31 votes to 27.
His successor almost immediately began talks with the Liberal Democrats about a possible power-sharing deal.
At the time, Mr Morgan said, 'The solution to the political instability problem is top of the agenda.
'We have got proportional representation and the high likelihood of having minority governments, and if Labour is the largest party but it doesn't have a majority, what can you do?'
Five years on, Mr Morgan seems to have forgotten his own advice. His minority government has already lost a crucial vote blocking the introduction of top-up fees and could see Labour's vision for the next stage of devolution rejected by the Assembly.
The Conservatives, Plaid Cymru and Liberal Democrats have become more open-minded and sophisticated about working together to thwart Labour's ambitions and expose its failings. But, rather than holding talks with the Lib-Dems about forming a new coalition, Mr Morgan is stubbornly ploughing on, dragging a wounded government towards the safety of the summer recess.
Mr Morgan may be able to run from the Euro-aid issue but he will not be able to hide. Britain's presidency of the European Union, from July, will ensure Westminster's budget battles do not fall off the radar.
But a Cabinet spokeswoman last night insisted Mr Morgan had thrust EU aid to the fore for Wales. She said, 'The First Minister has discussed this issue on a number of occasions with the Secretary of State, who has always ensured that the views of the Assembly Government are heard at the heart of Westminster and Whitehall.
'He has also discussed the matter with other UK Government Ministers, and only today met with the Chief Secretary to the Treasury in order to raise the matter with him. There is no doubt that the First Minister and the Secretary of State, as always, are strongly representing Wales. Any suggestion otherwise is simply opportunistic.'