Sunday, October 30, 2011

The Euro bailout explained

This is cute and it sums up the issue with Europe very simply. It is here as I feel this will be ranked one day as a historic moment in European ignominious financial history

The Europeans are great for theater. They can't execute except by piling on more debt, which they can't any more. An old continent indeed and showing its age. A very uncertain even scary world looms beyond the horizon.

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