Wednesday, 2 November 2011

Concise enough for you?

Thanks to geezer 466 from the Army Rumour Service for this one;
So basically this deal involves a voluntary haircut that nobody volunteered for, the use of some money that won't exist when it's needed to leverage up 4-5 times by borrowing off a country that isn't going to lend, and agreement to be bailed out by a country that um, doesn't agree to be bailed out unless it votes to be

You've got to hand it to Merkozy. It was a stroke of fucking genius, this one.


Need explaining?

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