The rapidly approaching European debt crisis is like a horse race. Will Merkelbaby make it to the wire first and save the day? Or will Greek Default lead the entire field over the rail and into the infield pond. I can hear the track announcer now. “Good afternoon, ladies and gentlemen! What a beautiful day for the races. Today’s feature race is the 100 trillion Euro stakes race, the European Crisis Derby. The favorite at 1 to 5 is Greekdefault, ridden by a committee from Brussels, and carrying twelve hundred and forty-two pounds, the distance, around the world at least once. And now the horses are at the gate, and THEY’RE OFF!

 

 

“Merkelbaby stumbles at the gate

Sarkozylad takes early lead

With Referendum close behind

Then Pensioner, a handsome steed

It’s Layabout now, closing fast

With Greekcafe now on the rail

Then Merkelbaby saving ground

Then ten lengths back it’s Neverfail

Around the first turn Spanishfly

And Romannights are neck and neck

With Greekdefault far in the rear

Furlongs to go, so what the heck

And down the backstretch Greekcafe

And Layabout are running hard

Now changing leads Sarkozylad

Is passed by Verse-afirebard

NOW DOWN THE STRETCH AND HEADING HOME!

It’s Merkelbaby running wide

With Greekdefault now on the rail

And coming fast, oh what a ride!

A photo finish at the wire

It’s Merkelbaby by a nose

With Greekdefault a beaten Place

The Euro saved at market close!”

 

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