I'll be sharing this on my PBS commentary on Nightly Business Report, scheduled for December 19th. It's more than a little cheeky, but I just can't get the image of Anglea Merkel dressed in a Santa suit out of my head. How big is Santa's bag anyway?
- Tim
‘Twas the night before Christmas, and all through the zone
Not a banker was liquid, not even your own.
Promises were made by the Piigs with all sincerity
In hopes Saint Germanicus would delay the austerity.
State unions weren’t protesting, but snug in their beds.
Infinite pensions flowed full in their heads.
Bernanke in hi brown socks, Obama all blue
Had settled their brains that the recovery was true.
When across the Atlantic there arose such a clatter
They launched Air Force One to see what was the matter.
Europe was United, or so it would seem
But no, fiscal union was only a dream.
France hugged Spain and Greece, to little avail
Cross-holding sovereign debt was too big to bail.
Father Christmas, where are you? was their deafening sound.
In London, the Scrooge nation guarded its Pound.
Would be Santas should know the real origin story.
Gift-giving can cause weakness and can even be gory.
In 3rd century Turkey was born the first Saint Nikolaos.
His secret gift-giving inspired Christmas for all of us.
Pilgrimages were made to see the relics of Saint Nick.
Where in the year 1087, some Italians played a trick.
They stole his bones away to the city of Bari,
Which drive tourism today on the Adriatic Sea.
Today’s sovereign debtors are angry and haughty,
But that’s because they’re on the list that is naughty.
Productive workers in nations with smart regulations:
Enjoy your growing economies and Christmas Vacations!
