Steve Bell on Greece

Steve Bell is, as usual, the wittiest cartoonist that I know of. Can't argue with that one, that's for sure... I don't give it a year and a half until the Europeans have to forgive part or all of the money that they've just loaned to the Greeks. Or else the Greeks themselves will choose to default as soon as they've reduced their primary deficit. The bailout deal for Greece that was just passed is really about helping Merkozy getting re-elected (and their Greek colleagues too) and also to help French banks avoid paying out on CDS contracts that they'd sold to the hedge funds. The only people who aren't being helped by this deal are the Greeks...