The Parable of the Lost Drachma – Domenico Feti.
Gordon Brown is willy-wobbling, reluctant to answer direct questions from David Cameron as to whether British Tax payers will be bearing gifts to the Greeks, cleverly not mentioning that we have already put the money into the international ‘pot’ that he says will be helping ‘if asked’…..
So who is in line? The Germans primarily. Not that they have oodles of money to spare, they are just less bankrupt than everyone else.
Retirement age in Germany is already 65, and may go up to 67 in order to earn the money to enable the Germans to lie on a sunny Greek beach in their retirement.
Trouble is, those beaches are already overfilled with Greek retirees – they can retire at 61, and are only ‘considering’ raising the age to 63.
The Germans are already less than impressed with the ‘creative’ acounting by which the Greek government have kept their predicament quiet, not least because of the involvement of Goldman Sachs.
German pride is involved here, they would like to see Axel Weber, the head of the Bundesbank, as the next Head of the European Central Bank which controls the Euro.
His main rival is, laughably, Mario Draghi, head of that beacon of fiscal responsibility, the Bank of Italy. Dragi was also Vice-Chairman of Goldman Sachs International – the very people who are currently being fingered as the culprits in the Drachma crisis.
Gordon Brown, despite Britain not being in the Euro, is apparently heading to an emergency EU meeting at which he will explain to the Germans that they should work for an extra two years, so that the Greeks can get to the beaches first….
I suspect the response may really make him cry this time.