Tuesday, June 14, 2011

I've Figured Out the Greek Bailout Scam

No one in Europe is actually willing to bail out Greece. Money down the drain, no free lunch, etc.

But they are willing to pretend that they are willing, and to have their name used in breathless speculation about how they will very shortly be giving money to unfortunate suckers who made bad investments.

The "rub" occurs when a Greek politician opposed to austerity, or a German politician opposed to wasting money, publicly sabotages the bailout.

So far, people haven't noticed that every week we have one step forward and one step back.

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