What a ridiculous palaver, manipulating the currency, denying the obvious, all cobbled together by a bunch of vain nincompoops trying desperately to save face. This will only make the problem greater when the bubble finally bursts, and burst it surely will.
Naturally, neither Merkel nor Sarkozy wish the ultimate disaster to occur on their watch. Angela Merkel is probably already deadwood in the view of her own electorate; not many of them will be keen on further support for the Greek economy. The long term concern here, is that the Social Democrats will be back, giving money away that doesn't exist.
Although the Euro was never going to be a proper currency, it was introduced with a view to hurrying the pace of political integration; to be ruled by the supreme dim, unelected, massed ranks of Brussels. The rest of the world had to humour the system for awhile, but it won't last for much longer. Some of the worst hit countries may endeavour to correct their economies, but it will only take one to return to reckless mode and the game will be up.
THE LAST FLIGHT TO GREECE IS NOW BOARDING.
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