European Finance Ministers Driven To Despair As Reality Returns
by Tyler Durden
The release of the Troika report (stating the what-we-all-know that is much larger haircuts will be needed for any type of debt sustainability) seemed to bring events this weekend in Europe to an early halt, according to SudDeutsche. As the sheer mathematical certainty of the event horizon that is Europe these days is slammed at light speed into the foreheads of the European cognoscenti, we finally see some actual frustration, foot-stomping, and ‘throw-your-teddy-bear-out-of-the-pram’-ness. The Telegraph reports on some choice turns-of-phrase among the leading players, our favorite being:
“It was grim. The worst mood I have ever seen, a complete mess,” said one eurozone finance minister.
But it only got better from there, with several of the major movers feeling the need to express their frustration (and what is German for Schadenfreude?) at the lunacy of what SudDeutsche reports was in the Troika debt sustainability report (via Google Translate).