Angela Merkel’s most recent comment about Greece’s exit from the European Union reminds me of Carl Spackler’s (Bill Murray) comment in the classic movie Caddyshack when he found the Baby Ruth at the bottom of the pool, ate it, and said “NO BIG DEAL”.
Madam Merkel’s rationalization at the exit of
As bail-in’s have become the template for failed banks around the world (think
Those, the 1%, who have been able to benefit from artificial asset appreciation continued to believe that the Keynesian/debt model will exist forever. Didn’t Marie Antoinette once say “let them eat cake”.
The reality is, however, that the lack of jobs, food, shelter and increased potential of war will ultimately take its toll on the 99% and changes will occur.
The first change will come from voters moving to the so-called extreme parties. Syriza in
New elections, new politicians and the same old new promises. This time, however, should the people’s expectations not be realized, and if history is any guide, the continent could be engulfed in flames.
Now that reality is taking hold Angela has taken the reins and declared “NO BIG DEAL” simply denying the reality.
In this circumstance I think Carl Spackler had a better grasp on reality than the head of
A Baby Ruth is NO BIG DEAL but