The Patsy Revolt of 2010

Bill Bonner View the original article. March 12, 2010 12:00 PM ?Masked youths…attacked the head of Greece?s largest trade union, who was addressing the crowd, and hurled stones at the police. GSEE union boss Yiannis Panagopoulos traded blows with the rioters before being whisked away, bloodied and with torn clothes.? The Daily Mail account put the blame for these disturbances on Germany?s finance minister, who warned the Greeks that ?the German government does not intend to give a cent.? At least Bild, a popular German newspaper, was trying to be helpful. It suggested that Greece sell Corfu…and that Greeks get up earlier and work harder. Meanwhile, from Iceland comes news that every voter with an IQ above air temperature has cast his ballot against a bailout plan. The Icelanders were slated to make good $5.3 billion in bank losses. But why shackle common voters to the banks? losses? The plan was so outrageous and so unpopular that Iceland?s normally compliant Prime Min...