Greece & The Fickle Finger Of Fiscal Fate

The latest fancy sweeping the media and some economic observers has Greece breaking away from the euro and reinstating its old national currency, the drachma. Ah, the drachma. Brings back memories, for some, of good economic times — cheap retsina, sun-basked islands, hotel rooms at bargain prices, and Leonard Cohen.

Dance on the money

the heads of presidents

red toenails

this ‘poem’ is an I.O.U.

for 10,000 drachmas

on your step-smooth shoulders…

Sinking under needles of bazouki

you threaten us with jobs in the Sahara

or a salary of halvah

oh the hair is real

that pilots the thighs

into the important satin theatre

ruined like Greece by overuse

but all we have of the Golden age

Your courting clothes sleeping in cedar

your grandmother still alive on Hydra

‘Don’t tell her that you saw me naked’

No idea what that means (from a 1972 Leonard Cohen poem titled The Energy of Slaves), but those who think bringing back the drachma will revive some golden age of Greek economic achievement and get Greece and the international banking community and its army of political back-stoppers and back-stabbers out of their debt crisis has spent too much time out in the Mediteranean sun.

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