Tuesday, November 16, 2010

It seems as though 'Hope' is a strategy afterall

Ireland's day of reckoning has arrived. When Brian Lenihan meets his fellow European Union finance ministers in Brussels Tuesday, he will find himself in the surreal position of being begged to accept a European Union bailout, despite the fact Ireland doesn't need to tap bond markets until the middle of next year and his government will next month deliver a budget which it believes will enable the country to bring its borrowing under control. But this crisis is now about the survival of the euro zone. Mr. Lenihan should take the money — and the rest of Europe must hope that does the trick.

Other approaches under discussion: wearing cloves of garlic, a pinch of salt over the shoulder, spitting if you see a black cat, touching wood.....

No need to worry, our betters are obviously on top of things.