Brer Rabbit

Am I the only one reminded of the old story here?

Greek premier George Papandreou has threatened to go to the IMF unless the EU comes up with concrete help on acceptable terms by the end of the week. This brinkmanship is causing heartburn in Brussels, Paris, and Madrid, but the creditor states of North Europe are almost jumping at the chance to call his bluff.

It\’s just that I can\’t work out who is Brer Rabbit here.

The Greeks insisting that absolutely they don\’t want to go to the IMF? Or everyone else insisting that they shouldn\’t?

2 thoughts on “Brer Rabbit”

  1. But it is not about what is best economically, they are still in the Euro after all. The Greeks are actually trying to use the old federal-europe dream to scam the Germans. Everybody knew before the Euro started that it could not last without a debt union and fiscal transfers, but that was the point. By creating the Euro they set up the next crisis to force the nations of Europe into the next step on the path to Europian federalism. I guess that when the Euro started they didn’t think that there would be a German Chancellor that didn’t feel like her country still needed to pay penance (in the form of billions of Euro) for WW2.

  2. “the creditor states of North Europe are almost jumping at the chance to call his bluff”

    They (ie WE) have all heard the story about being wary of Greeks bearing gifts so we’re asking him to take his debt and f### off somewhere else with it.

Leave a Reply

Your email address will not be published. Required fields are marked *