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Don’t mention the war!

Thursday, February 25th, 2010

If I was trying to persuade the Germans to back a bailout of my two-bit banana-republic nation, I’d try to choose my words more wisely than the following example:

Theodoros Pangalos, deputy prime minister, said Germany had no right to reproach Greece for anything after it devastated the country under the Nazi occupation, which left 300,000 dead. “They took away the gold that was in the Bank of Greece, and they never gave it back. They shouldn’t complain so much about stealing and not being very specific about economic dealings,” he told the BBC.

I’d also refrain from following it up with an attack on everyone else too;

Twisting the knife further, he said the current crop of EU leaders were of “very poor quality” and had botched this month’s crisis summit in Brussels. “The people who are managing the fortunes of Europe were not up to the task,” he said.

My take on the above: Greece has been told that there will be no bailout from other Eurozone countries and that the Prime Minister is just venting.

So how’s Bonapartism working out for you?

Wednesday, February 17th, 2010

You could say that the countdown has begun begun on Greece days as an ndependent nations…

The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty.

Of course, some might say that the very fact that the EU can take action in this manner would suggest that that particular train left the station long ago.