Perhaps, but my reading is it’s another example of Germany’s emerging, at long last, as a major diplomatic force. The Greek voters revived the euro crisis by rebelling against the austerity which they blame on Germany’s bankrolling of their bailouts and enforcing those terms. The German Finance Minister and Chancellor Merkel led the EU to agree to extend the bail-out, but only after Greece dropped almost all its demands, an accomplishment that finessed the euro and the EU through yet another difficult event.

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Eudaimonia

April is Greece's cruelest month, with a repayment to the IMF of $490 million due today and multiple billions in repayments due by the end of the month.

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Eudaimonia

The prospects are grim. Let us hope for a negotiated resolution.

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Eudaimonia

The euro zone does not allow small individual nations the freedom of monetarist policy money supply, my old friend. The UK has been able to keep the same curve on money supply leading to deflation of cash savings and a near maintenance of other asset values simply through a bubble effect from the flight from cash.

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Vigil, if you were my husband, I would give you poison.

Madam, if you were my wife, I would take it.

So true. And now, at last, it comes down to this.

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Eudaimonia