24 June, 2012

The death wish

Greek Prime Minister Samaras is recovering from eye surgery, whilst the new finance minister collapsed before he was even sworn in. The Troika of IMF, EU and ECB have delayed sending a gauleiter beancounter / Bohnenzaehler.

I think this is a good move by Greece. Given they need more money and have hardly applied any of the required supply side reforms, I would advocate an outbreak of bubonic plague.

PS According to the Italian Sole 24 Ore paper, whilst the Greeks claim to have reduced the civil service by 94,000 in the last 2 years, 70,000 of them, kicked out of the door, have climbed back in the window, so headcount has reduced by only 24.000. I'd stay in hospital, Mr. Samaras.

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