The Global Debt Crisis Is the New Cold War

The Bank of Greece in Athens

The Bank of Greece in Athens

From New York Magazine:

The news from Greece today is … well, it’s not good. Greek citizens are angry, European politicians are testy, equity investors worldwide are getting nervous, and the headlines are getting increasingly hysterical. This morning, things even took a dip into surreality when Greece’s Deputy Prime Minister Theodoros Pangalos, frustrated by Germany’s criticism of his country’s accounting skills, actually whipped out the Hitler card.

“They [the Nazis] took away the Greek gold that was in the Bank of Greece, they took away the Greek money and they never gave it back,” he said. “I don’t say they have to give back the money necessarily,” he remarked to the BBC. “But they have to say thanks.”

Compared to that, the Times sounded like the voice of reason…