The financial news yesterday was dominated by alarming reports from Europe.

“Backlash,” said The Financial Times…referring to an “anti-austerity wave” that washed over Europe in weekend voting.

If the FT doesn’t mind mixing metaphors, we don’t either. But our metaphors are a bit different. What has happened is not a backlash but a wake-up call. It comes as voters realize that the placebo medicine — phony, half-hearted austerity measures peddled by the Euro elite — don’t work. They want an elixir with more of a kick to it. That’s why the leftists are gaining so much ground.

The financial news yesterday was dominated by alarming reports from Europe.

“Backlash,” said The Financial Times…referring to an “anti-austerity wave” that washed over Europe in weekend voting.

If the FT doesn’t mind mixing metaphors, we don’t either. But our metaphors are a bit different. What has happened is not a backlash but a wake-up call. It comes as voters realize that the placebo medicine — phony, half-hearted austerity measures peddled by the Euro elite — don’t work. They want an elixir with more of a kick to it. That’s why the leftists are gaining so much ground.

The financial news yesterday was dominated by alarming reports from Europe.

“Backlash,” said The Financial Times…referring to an “anti-austerity wave” that washed over Europe in weekend voting.

If the FT doesn’t mind mixing metaphors, we don’t either. But our metaphors are a bit different. What has happened is not a backlash but a wake-up call. It comes as voters realize that the placebo medicine — phony, half-hearted austerity measures peddled by the Euro elite — don’t work. They want an elixir with more of a kick to it. That’s why the leftists are gaining so much ground.

The financial news yesterday was dominated by alarming reports from Europe.

“Backlash,” said The Financial Times…referring to an “anti-austerity wave” that washed over Europe in weekend voting.

If the FT doesn’t mind mixing metaphors, we don’t either. But our metaphors are a bit different. What has happened is not a backlash but a wake-up call. It comes as voters realize that the placebo medicine — phony, half-hearted austerity measures peddled by the Euro elite — don’t work. They want an elixir with more of a kick to it. That’s why the leftists are gaining so much ground.