Eurozone: of clowns, buffoons and other idiots

Enter the face of your favourite eurozone leader

The public spat between the "Anglo-Saxon capitalists" and the Gallo-Teuton revanchist axis has reached a new climax: befuddled by the perpetual woes within the eurozone, the Gallic leader Sarkozy, in his convincing role as populist simpleton, blames now Anglo-Saxon capitalism for the financial crisis.

That's as daft as it is curious: for it was the satanic axis in the first place that pushed for eurozone entry of highly indebted nations, supported accounting tricks and outright fraud to make them appear as qualified for membership, allowed more excessive debts at lower interest rates, awarded them with a common currency and permitted their own banks to lend to Greece, Portugal, Italy, Ireland, Belgium and Spain like there was no tomorrow!

Now is the time of reckoning: "haircuts" - the figurative yet nebulous term to disguise multi-billion losses for investors and banks - lead to the debtor nations in tatters and the lenders hairless (to continue the figurative speech). It's only natural that the Axis powers huddle at the line of scrimmage, blaming with panic and in rage the markets and referees (the rating agencies) for the consequences of past sins during the forced forging of the eurozone.

And so the string of "summit" meetings in the financial Bermuda Triangle between Brussels, Berlin and Paris continues, with the next one, starting tomorrow, promising to be nothing else but just another lollapalooza of hysteria, clownery and clueless buffoonery.