Thursday, December 8, 2011

The never-ending save-the-Euro dog-and-pony travelling salvation show

This week they met in Paris

Next week they'll meet in Brussels. In the last six months it's been London and Berlin and Lisbon and Madrid.

Heads of state, their respective finance ministers and secretaries of various treasuries. Bankers galore. Deputy secretaries and assistants out the ying yang. Camp followers in their thousands.

They descend on the capitals of Europe. They rent the best five star hotels by the floor. They give the best eateries in Europe their best business ever.

All to save the Euro. All on the tax-payers' dime.

Because if we don't save the Euro, we'd have to go back to the Mark and the Guilder and the Lire. And you know how awful that was.

So the saviours of capitalism will convene another conclave of experts for another do-or-die conference every couple of weeks. They will emerge with pronouncements about how the garbage collectors and the nurses and the teachers and the factory workers will have to tighten their belts.

Or else.

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