Friday 22 July 2011

Bundeskanzlerin Merkel - der teufel wird los sein

Roughly translated 'the sh*t is about to hit the fan' and for Merkel & friends time has run out. Unlike the contrived US 'debt-crisis', the eurozone problems are real. A protracted or delayed response to the structural shortfalls within the eurozone will DEFINITELY have us revisit the horrors of 2008.

Gott im himmel - NEIN. No more cash for Greece; please!

If global GDP growth takes a hammering as a result of Greek extravagance I might just give up olives. 

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