Livin’ on a Prayer

While I’ve been patronising our American readers by loftily disparaging the US Presidential candidates, over here in Europe our vastly superior political elite have been making a fine job of solving the Eurozone debt crisis.

So far the plan has involved imposing austerity so harsh that large swathes of the Greek population have been reduced to a state of severe poverty, thus undermining the very fabric of civilised society, with more of the same to come for Italy, Portugal, Spain, and who knows where else. This might suggest that our leaders have no idea what they are doing, but perhaps there is some underlying strategy whose wisdom will only become clear with time. Right now though it all makes Rick Perry’s Texas drought-relief scheme look positively rational.