Tuesday, November 1, 2011

Time for Plan B

If President Sarkozy was planning to run for re-election on a platform of "I saved Europe," it's time to mobilize plan B. The Greeks have called for a referendum on the plan, which won't be held until mid-winter. In the meantime, the agreement seems likely to collapse. Sarkozy is "dumbfounded,"  the Germans are "stupefied," and the EU is in big trouble.


bernard said...

It looks like someone forgot the line about antique Greece and the invention of democracy.

Anonymous said...

Time for France/Germany to cut Greece free. They also must annul naked credit default swaps with Greece debt and cross their fingers and tell the ECB to buy PIGS bonds to the max.