The
psychology of bank runs is fascinating. See Mary Poppins. Frau Tante Angela has
decided to step out und Schlittschuh laufen over the thinnest of ice. The only
prerogative in the Berliner Kanzerlei Bunker today, to which Der Bundesbank is
clearly subordinated, is that she be re-crowned as Die Königin in September.
Das Vertrauen ist eine Trücke. Poking Vlad Vlad in the eye is a delicious bonus
via Nicosia. He’ll get his retribution in when a cold snap hits the Ossies
again – his friends in Minsk and Kiev will be only too happy to raise the price
of gas/close the taps for Der Vaterland in return for a few free nights in
Moscow with Anna Chapman.
Hum
er Ärmster, Herr Anastasiades zwischen Baum und Borke sitzt. Should have
called Die Frau Angela’s bluff after asking Vlad Vlad for his best offer; to
include bringing his naval units from Latakia to Larnaca and Limassol for an
indefinite stay, with free tots of Ouzo. Now he’s going to have to try to
back-track or the parliament will do it for him. Either way this dog/Hund has
barked/gekläfftet hat and the Euro in your pocket will never be the same.
Wonderful
how a sovereign nation can receive a diktat aus den Norden to expropriate its
own people. At least when FDR did it to gold holdings he was President of the
USA. It helps blur the line between a tax and the government helping itself to
the Euro in your pocket. Oh, to be in Nicosia now that the bail-out is there.
Should
help concentrate minds in Rome – woops I forgot, they’re too busy placing bets
on The Argentine Pope v Christina the Glamorous v Dodgy Dave. At least Dave had
the good sense to stay out of Rome while there is a) no government there, and
b) Christina is in town and ready to box his ears again à la G20.
Will
the Cypriots wake up tomorrow and smell the Retsina? Another day in the death
of the Euro. Long live the Euro.
Apologies
for the pidgin-Deutsch but we must all practise for the day Die Königin rules
as Hegemon of all the Hegemons.
Simon
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