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But this observation does not tell you that sanity will prevail in the end. It is also possible that the right wing wins, which will create an endless string of currency crises for the IMF and its assorted EU clones to "resolve," in a manner that will seem highly familiar to any Latin American expatriates living in Iberia at the time.

Eventually, matters will come to a head and a stable resolution will be found. Unfortunately, installing some pliable tin-pot dictator who rounds up dissidents in football stadiums is one form of "stable resolution."

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Aug 30th, 2011 at 03:24:59 AM EST
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