EXCLUSIVE: BANKS RELEGATED FROM CONSEQUENCES LEAGUE

Some kick the can, and others carry it.

These are the latest League positions in the Consequences of F**kwittery Premiership, sponsored by Sprouts of Brussels GmBH:

Greeks

Italians

Portuguese

Spaniards

Germans

Politicians

The French

Hedge Funds

The euro

Bureaucrats

Banks

So it looks like a clear win for the Greeks, running out easy winners thanks to having their political spectrum destroyed, the Treasury emptied, the economy poured down a drain, taxes increased, salaries cut, homes and jobs taken away, and pensions slashed….dependent on what happens to Mr Evangelical Veryzealous in Brussels this morning.

For the fourth season in a row, Banks are relegated to the Silo Division, where they will sit with headphones on plotting their next silliness. Many observers think they may never be re-elected to the F**kwittery Premiership again. Except that usually with the banks, the past is indeed a clinically accurate guide to the future.

When you chop the legs off a donkey, and then load it up with seven blocks of concrete, surprisingly enough it collapses. Screaming at it to get up doesn’t get the donkey up again, it merely annoys the donkey.

There are four key culprits to blame here: the Greek Government that fell four years ago, the Trichet ECB that lent cheap money to anyone who wanted it, the banks who mis-sold debt on an industrial scale, and the politicians who watched it all happen with blithe disinterest. As I wrote yesterday, the Greek people want all the sweeties – but none of the dentistry that gorging on sweeties causes. However, while they are the least to blame of any of these groups, they are the ones taking all the consequences.

Dan Hannan, a man not noted for his left-wing views, sums it up well in a brief Torygraph blog this morning: ‘Once again, the poor are bailing out the rich’. He points out that four-fifths of this ‘bailout’ package is bailing out people who don’t have Greek as their first language. The Troika aren’t bailing out Greece, they’re bailing out the culprits.

I will say this one last time, and then give up: if somebody doesn’t rein in the banks, stop Berlin, and give the People of Europe back their democratic sovereignty within the next two years, we are going to see a Wind of Change that will make the First World War look like a skirmish.