A Saturday post? I never felt it was in the cards but this European situation is driving me around the twist.
I don't get these people. Stating that it is absolutely imperative to "build a fence around Greece," and assuring all that a comprehensive set of strategies will be in place by Sunday, He With The Hottest First Lady Around cancelled his plans to journey to Moscow for the celebration of the victory in WW II and stayed home. M. Sarkozy whose nation was on the winning side (with a bit of help) is somewhat important in the European financial package but Frauline Merkel, who is absolutely essential to the process and who was on the losing side headed off to Russia. Will someone PLEASE explain these clowns to me? Or better yet, explain to THEM that this thing is all about street creds and this is not the way to earn them.
I called a couple of old friends in Europe, one of who is still in the game as to their reaction. "Charlie," one said, "They have better to have a something for real on Monday's morning or this could be tot early" (Hans' losing battle with the English language continues). Jane agreed. "They have promised to produce, so they must." With their outlook, I fully agree, but this thing has been so bizarre up to this point, who knows. Anyway, there is one thing about which we can be thankful. Given the manner in which the Germans have cocked this up, can you imagine how they would have managed the peace had they won?
We await Monday's open
From reading the books, it seems that it was difficult enough for the US regulators to pull off actions to save a single firm over a weekend. How on earth can we expect 16 or 29 sovereign nations to agree to anything this quickly? Imagine 4 Geithners, 9 Paulsons, 3 Sheilas all trying to solve this.
ReplyDeleteI think the Germans would be happy if the Euro collapsed back to just the core - France and Germany (and maybe Poland and Austria). They want union to prevent the prospect of war.
What an apt metaphor:
ReplyDeleteGermany's finance minister suffers allergic reaction during key finance talks
http://www.telegraph.co.uk/news/worldnews/europe/germany/7702970/Germanys-finance-minister-suffers-allergic-reaction-during-key-finance-talks.html