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Seriously, with Italian 10-years now well above 7 percent, we’re now in territory where all the vicious circles get into gear — and European leaders seem like deer caught in the headlights. And as Martin Wolf says today, the unthinkable — a euro breakup — has become all too thinkable:
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If I hear any more bullshit about how the Wall Street people and the rest of the "Masters of the Universe" types are so much smarter and better than the rest of us, I think I'll puke.
ReplyDeleteSeriously, to steal a phrase I heard somewhere, these people "couldn't manage a piss-up in a brewery..."
The EU was a project born to fail, only to serve the uber wealthy on the continent. Unfortunately, they'll probably bring the rest of us down with them.
ReplyDeletedeer in the headlights
ReplyDeletePrecedes a dead deer and a wrecked car.