Euro Binges on Snails, Pound Drops Down Plughole in Wacky Currency Musical – Bloomberg
The euro collapsed last night in Berlin. To be precise, it simply exploded offstage after eating too much confit de canard and snails.
So goes the finale of a fun musical fairy tale that is touring Berlin, Frankfurt and London on a shoestring. Euro boffins will enjoy some of its wackier creations, like a European currency snake whose body is completely out of kilter. She yelps as the Italian lira slips out of place in her spine during the course of the evening.
“EuroCrash! The Musical” transposes the single-currency story to a deep dark forest. Mark and Gilda can’t find their way out. They are lured into the gingerbread Euroland house, where Papa Kohl and Madame Mitterrand run a school of fiscal discipline attended by some wayward pupils — personified nation states like Callum of Ireland and Stavros of Greece.
The show’s numbers include a chorus praising the virtues of the Bundesbank and former U.K. Chancellor of the Exchequer Norman Lamont singing “Our currency’s gone down the plughole” in the shower. There are jokes about the Bundesbank’s “steady hand” policy and allusions to Jean-Claude Trichet’s “vigilance” at the European Central Bank, as well as throwaway references to former central bankers like Karl Otto Poehl.
The bad guys in the black cowboy hats are the credit-rating companies. “I’m Standard, he’s Poor’s/ For a dollar we’re yours” and “I’m Moody’s, he’s Fitch, It don’t matter which.”
via Euro Binges on Snails, Pound Drops Down Plughole in Wacky Currency Musical – Bloomberg.
Strange Random Euro Quote:
“European citizens can be assured that the future of the euro is that of a strong currency, based on price stability and the strength of the European economy,” – Wim Duisenberg
Related articles
- Savvy tips for using the Euro (travelnews.britishairways.com)
- Weidmann Says Bundesbank Will Lend to IMF If Non-Euro Nations Do (businessweek.com)
- Germany’s Fed Up and Getting Ready to Walk (zerohedge.com)
- Euro Undermined as Draghi Undoing Trichet Interest Rates Removes Support – Bloomberg (bloomberg.com)
- Just Say Nein – Bundesbank On European QE: “Abandon The Idea Once And For All” (zerohedge.com)
