If you are finding it hard to follow the ins and outs and whys of the European debt crisis, we’d like to point you to this very funny video that tries to help explain it all in just two and a half minutes. Or, at the very least, point to the scary ludicrousness of it all.
Australian political satire team John Clarke and Bryan Dawe manage—by having Clarke play a “financial consultant” named Roger—to break down the numbers of which country owes or is lending which. As the billions and trillions get rattled off, the question of how countries like Germany, France and Britain will find the money to bail out other struggling nations is raised. It’s the question of the day: “How can broke economies lend money to other broke economies who haven’t got any money because they can’t pay back the money the broke economy lent to the other broke economy and shouldn’t have lent it to them in the first place ’cause the broke economy can’t pay it back?” Let’s file this one under funny ’cause it’s true.
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