Strolling Up to the Oncoming Train
November 27th, 2011 - 12:42 pm
What plans are being made in case the eurozone falls apart? Well…
“While in the United States there is clearly a view that Europe can break up, here, we believe Europe must remain as it is,” said one French banker, summing up the thinking at French banks. “So no one is saying, ‘We need a fallback,’ ” said the banker, who was not authorized to speak publicly.
Too many in Europe still have their blinders on. That can’t end well.
It amazes that some keep insisting that dissolution of the Euro zone is unthinkable when so many are thinking about it.
Follow this logic, Frenchy: not having a contingency plan for the Euro breakup does NOT mean the latter cannot happen, it only means you will be running around like a headless chicken without a contingency plan when it does.
This is why nothing works anymore; the people running things do NOT know how to think.
Flexible, critical thinking doesn’t appear to be a French strong suit.
This is not new. Think of the rigid, immovable Maginot Line. Big guns, firmly fixed, all pointing the wrong way.
Never underestimate the power of denial. It’s interesting reading stuff written by very intelligent people back the late 1930s who were convinced Hitler was not going to try to take over Europe….
(With french accent)
But of course, it ees possible that certain less desirable members of the EU might need to be jettisoned, non? But certainement, that would not be wonderful France, oui? So, it weel all be fine, non?
Fail to plan, plan to fail.
I knew the PIIGS were in trouble, but now Hungary and Belgium? Yikes. The Euro is finished, Europe is going to be in a depression, the question is, how badly is that going to hit us here.
Just hope there’s no one running around over there with a funny looking little mustache.