"Time is very slow for those who wait, very fast for those who are scared. Very long for those who lament, very short for those who celebrate. But for those who love time is eternal."
If we apply these lines from Shakespeare to the current situation in Europe, we can put several classes of people in the first group: the unemployed, businessmen without financing and the taxpayers paying for Frobs and government planning without seeing the results.
Among the fearful are creditors who are blaming the markets. Merkel, Sarkozy and all the leaders who feel paralyzed in the wake of a financial tsunami that the recovery promises. Those having fun are earning 7% interest rates in bonds backed by the EU, but they are risk takers. Those who love are the people who still believe, some of them blind, in the possibility of taking actions that restore normalcy, despite the sacrifice. These people believe in renovation and structural adjustments and reforms that can upturn a sinking ship. And for them especially, the November 20 elections are an eternity away.
