Monday, May 23, 2011

When, not if - ugly

Zero Hedge tells us what happens when, not if, Greece defaults.

Everyone is sick of prevaricating European politicians who even they admit are lying openly to the media, and tired of conflicted investment banks trying to make the situation appear more palatable if only they dress it in some verbally appropriate if totally ridiculous phrase. The truth is Greece will fold like a lawn chair: whether it's tomorrow or in one year, when the bailout money runs out, is irrelevant.

When it happens, it will be ugly. One wonders whether the children will notice. As the epidemic of stupidity continues to afflict our population, perhaps they'll read it off witter when some sleb discovers it in the pages of the Daily Fail.