Is the Euro really like the Hotel California? Perhaps you can check out permanently, after all

As UBS said last September, the Euro currency is the blood that pulses around the Eurozone, and if Greece were to default and leave the Euro, as it’s likely to do in the next month or so, then the effect on the Eurozone would be like losing a limb.

Hence, the frantic attempts to force debts into Greece, so they can keep paying off Hotel California banks, so the minibar purchases can keep going for one more round of refills.

But in the end, how many minibar chocolates can a Greek man eat, who is already maxed out on all of his credit cards?

As the day of the Greek check out approaches, and to avoid torturing you with any more overstretched analogies, I thought that as it’s Friday, we could take our mind off things by watching the great Eagles classic.


About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
This entry was posted in Austrian Economics. Bookmark the permalink.

Leave a civil and intelligent reply - Comments will be moderated

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s