A guestpost from Amfortas
When Chaos comes,it can be triggered by unexpected, tiny things being in the wrong place at the wrong time, even minding its own beeswax.
The largest and most complex machinery can suddenly and catastrophically grind to a halt in a shower of sparks and loud groaning noises as gantries shear and collapse.
It just takes one cotter pin to fail, allowing a nut to unscrew and…….
So we look at the financial world, and specifically the Eurozone.
It made for another bitter Eurozone irony: the democratically elected finance minister of a country whose taxpayers have to pay more than any other for the bailouts got shut down by unelected Eurocrats who, in a continued power grab, postulated that Cypriot banks, their bondholders, their depositors, even their uninsured depositors, even Russian “black money” depositors had a “right” to the German money (and anyone else’s). And if Schäuble refused, it would blow up the entire Eurozone.
Schäuble’s response hasn’t bubbled to the surface yet. And bailout queen Chancellor Merkel, who is trying to avoid tumult ahead of her elections, has a new headache. Read… Russian “Black Money” Threatens To Boot Cyprus Out Of The Eurozone