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The countries will be violently liquidated, but the creditor countries will not wake up, preferring to fall back on the comfortable "those lazy southerners really don't know how to govern themselves".

That's the low end of my prediction range.

I really hope they don't manage to underperform that, because I don't see a lot of room to underperform that and still avoid a fourth Franco-German war...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Feb 9th, 2013 at 07:56:23 AM EST
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