Eurozone: Club Med
13 September 2011
"Meanwhile, on the sunny shores of the Mediterranean..."
"Günter, bring us four cold beers from the fridge and grab one for yourself."
Greece is verging on bankruptcy, Portugal is receiving international assistance, and Spain and Italy are a worry for their partners and the markets... At the same time, the Germans, the Dutch, and other virtuous peoples of the North are grumbling about having to aid their neighbours in the southern EU.