I keep on wanting to write something about the Euro crisis, but as soon as I begin to think I have an understanding of the current situation, it transmogrifies in front of my astonished eyes...
First we get the EFSF supersized, but with nothing in it.
Then G-Pap says we need a referendum, without evening mentioning it to his cabinet members, which is already surreal.
Italian bond yields go bananas.
Sarko and Merkel go ballistic.
G-Pap resigns, apparently, then we have a Greek national unity government. Likely led by an ECB apparatchik.
Sarko and Merkel now say Greece has to shape up, or they will throw it out of the Euro, and the EU!
Sometime, somehow this had to come to decision point, but man, this an exercise in anti-crisis management.
I used to joke, "enjoy the show, you paid a lot for the ticket." I ain't enjoying the show, folks.