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Suffering will be rewarded by admission to Heaven. A country that imposes Austerity will be rewarded by the mystical and poorly understood forces in the Bond Market.

Sometimes the reward sought is not even admission into heaven but the approval of the Guru-du-jour:

"Rajoy manifested [to Merkel] the need that countries which deliver have to be helped by the European institutions. He explained that not all can be treated the same, the ones that deliver and those which don't", asserted Cospedal, suggesting that Spain, which according to Brussels is fulfilling what was asked of it, should be among those countries that the BCE should aid with its purchases.


tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Sat Jan 14th, 2012 at 12:59:13 PM EST
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