Out Of Control

The Eurozone that is, as it’s clear Greece will default, it’s likely Portugal will default, and sooner or later contagion will spread to France, Italy, and Spain.

What’s desperately needed is what’s been needed all along: a clear statement by the ECB that it will serve as the lender of last resort for all Eurozone members.

What’s also needed is serious leadership by a German government whose entire fiscal and monetary policy is an amoral pack of lies foisted upon the German people.

Gorilla says: “It’s not 1923, it’s more like 1933!”

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