Friday, July 27, 2012

the euro zone debacle : a dornbusch crisis ?

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought "


i think not

what leaves me uncertain :

     will the greeks get "sacrificed"

i can't see how
 if the odds favor greece recovering faster outside the corral than inside

what example has been made to  the  rest of the corraled  steers ?

the ECB eating lots of bad paper looks in the cards either way ...no ?

why not keep the herd intact rather then chance a jaunty  escapee smirk
on the collective face of  an involuntarily    freed greece

isn't antique snake escapee
     bloody ole  england enough mockery ?