FU (Fed Up) wrote:
Nothing has been missed. The mkts smell blood ie: money, consequently the analysts have at long last started looking into the Zero construct and what they find is what sceptics knew all along, what the Aussie's call a crock of shite.
All that is happening now, is that the colleagues still wont acknowledge it's all over. There is no plan B, as they never imagined this would ever happen and I'm sorry they are not that smart, if they were they would never have set up the Zero on such lousy foundations, or even thought they could.
They're just doing what they always do, fuck everything up.
As a political construct, the purpose of the single currency was to create conditions for further political integration ... the euro is not the end, but a means to an end. Central to the mechanism is the beneficial crisis. In this, the euro was always destined to fail but, in so doing, would pave the way for the next level of integration.
However, I don't think they banked on the crisis being this intractable, or the resistance to further integration being that staunch, which has created serious stresses.
But you would have to be stupid beyond stupidity if you believed that the smoke and mirrors currently masquerading as a bailout was going to hold the position beyond a few weeks. It is questionable now as to whether it will even get them past 20 March.
Thus, it seems reasonable to ask whether the "colleagues" have anything in reserve. Even if you believe them to be stupid, they cannot actually be that
stupid ... can they?