The day the austerity died

A long, long time ago, I can still remember
How the bailouts used to make me smile,
And I knew if Greece had its chance
It could make the market dance and all would be well for awhile.
But yesterday the market shivered,
Wondering if Greece could deliver.
Bad news on the door step,
Is it possible the French banks are next.
I can’t remember if I cried when I read about the market slide,
But something touched me deep inside
The day austerity died.

So bye, bye, to our stimulus high,
We took the capital levy’s till the corporations ran dry.
And good Greek boys were throwing whiskey bottles and wine
Now wondering just who is at fault?
Is this the day that we default?

Did you write the Maastricht rules
And is everyone else but Greece the fools?
Is this meltdown the final blow?
Can the IMF save the EU’s soul
Or have they just totally lost control
And can you print just enough paper dough.
Well I know that oil is falling hard
As demand plunges and the dollar rallies hard.
You heard that Greece had the blues
When they all got up and threw their shoes.

Do you recall what the deal the day austerity died was?
And the bond holder’s cried

Bye, bye, to our stimulus high,
We took the capital levy’s till the corporations ran dry.
And good Greek boys were throwing whiskey bottles and wine
Now wondering just who is at fault?
Is this the day that we default?

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