WHAT DOES A GRECIAN EARN?

The answer, of course, is less than last week; as the Euro heads south due to a problem with Greek borrowing, not dissimilar to the British economy under the stewardship of 'Incapabilty' Brown. The Greeks, however, are in meltdown mode. They were never in a fit financial position to join the Euro in the first place, and are not going to be the only nation to fall foul of a system binding them into economies which perform far better. This situation is going to be repeated in the near future with other members operating within the Euro zone. Do they all get bailed out? If so, with what and by whom? As Warren Buffett points out, "You get to know who's swimming naked when the tide goes out".

Meanwhile, our own Lord Meddlesome of Foible and Meltdown continues to extol the virtues of the Euro as a success story. He is a dim Socialist however, looking for a possible escape route.

'Incapability' is always on the scene when these disasters reach a head, giving the appearance of knowing the answer. Naturally, we know better.



THE GERMANS ARE ALREADY AVOIDING EUROS PRODUCED ELSEWHERE.