Thursday, October 27, 2011

Orwell on the state of the EU

Political language is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind. " -- George Orwell, May 1945

"We are all capable of believing things which we know to be untrue. ... The only check on it is that sooner or later a false belief bumps up against solid reality, usually on a battlefield."
-- George Orwell, March 22, 1946

Hard to say whether the current Greek solution will work. There is a lot of money being thrown at the problem which still has to be raised. Creditors have to realize loses.Central banks will have to provide liquidity and monetize some of this debt.

Saying there is a solution is not the same as having a solution. 

No comments: