A lot of people are confused about the financial mess that Greece is in, and the EU’s attempts to rescue the country’s finances. But it’s really quite simple…
Greece’s Present Financial Situation Explained (In Rhyme)
Banks lend money to banks
To lend to banks to lend to Greece
Which uses it to pay the debt
On bills unmet
To banks that lent to banks
Who now have fears
Of debt regret.
The object of this exercise
Appeasement of the market
In hopes more banks
Will heed the need to feed
More loans to Greece
Take from reserves
And Greece earmark it.
This lending creed
That hopes to speed
The larger goal
To fill the hole
Of debt that otherwise
Will surely be unmet
Has only caused most banks to fret
While hedge funds bet
And more loans net?
Not yet.
No yet.
More about this writer at: This God-Awful Political Season (In Verse)