Greece has sold some more debt, huzzah!!!
Ah, but only 6-month debt, apparently it’s too early to go beyond 2012, when the EU/IMF rescue package supposedly ends.
Meanwhile, Greece itself will face at least a decade of crippling deflation, mass unemployment and social upheaval, all in the name of keeping the Germans happy.
To paraphrase Krugman, it’s just great living in a one size fits one fiscal and monetary regime!!!
Gorilla says: “Greece can wag the dog, but it can’t buy a Frankfurter!”
