History may not repeat itself, Mark Twain famously once said, but it often rhymes.
And the rhyme that has caught many commentators’ attention in recent days is between what’s happening currently in Greece and Lehman Brothers’ bankruptcy in the fall of 2008. Just as that bankruptcy brought the world’s financial system to the brink of collapse, a Greek default could easily do the same today.
That certainly is very scary poetry indeed.
But it turns out that the Lehman Brothers-induced catastrophe is not the only thing with which a potential Greek default could rhyme. And some of those other rhymes turn out to have a much more pleasant sound.
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