Not mine, from a comment in the Torygraph
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9293270/Europes-Maquina-Infernal-has-crippled-Spain.html--------
And yet this could all end so well.
Greece will exit the Euro - even the Eurocracy appears to have accepted this. It may happen in a matter of days now.
The Greek economy will contract sharply - but then it will start to rebound, as Greeks find they can no longer afford German washing machines, refrigerators or cars and look to buy local Greek products instead. Mothballed factories will be given a new coat of paint and re-start production. They will start hiring again.
Investors with an eye for a well-timed investment will start to take a punt on a Greek revival. Before long it all becomes self-reinforcing and the economy will start to float off the reef where it is currently grounded.
This will happen because it always does. Look at Argentina or Iceland.
It won't take long before voters in Italy, Spain, Portugal and Ireland, locked in the stranglehold of Germany's austerity blitz, become envious at the optimism pouring out of Greece. The clamour for exit will become deafening and unstoppable.
The Euro will unravel, and with it the European Project - a wicked, undemocratic, crony capitalist domesday machine worse than anything Ayn Rand ever conjured up - will disintegrate.
The collapse of the Euro is to be welcomed. Bring it on.
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