Thursday, July 16, 2015

It's time for a Little Honesty on the new Greek Bailout

Greece and its creditors--European Commission members, the European Central Bank, and the IMF--have been playing a game of pretend to oppose austerity and pretend to keep Greece in the Eurozone.

Neither matters nearly as much as enabling everyone involved to go on their European Charter guaranteed right of five weeks vacation beginning the last week in July and extending through the end of August.  Summer vacation is sacrosanct in Europe. Neither rain, sleet, hail, tornadoes, floods, heat, cold, fire, wind, earthquakes, or any other crisis can be allowed to disrupt the summer vacations of the residents of Europe's social market economies.

So to all our European friends, bon voyage and guten appetit! September will be soon enough to deal with any Greek problems that remain unresolved.

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