In case you thought European leaders were idiots....

There was a good FT article (no paywall, you're fine) a few days ago that I sent to myself for when I had some time to post.

It's basically predicated on the idea that the people elected to lead the great economies of the world aren't fucking morons, despite what the commenters at Stormfront ZeroHedge might say.

Here it is:

When strategy is mistaken for stupidity, the curious case of eurozone politicians

As they note:

"acting like a maniac, provided one doesn’t get killed, may be optimal in order to ultimately get one’s way."

Meaning, behind all the apparent stupidity of inter-Euro politics there is usually a clever plan. You just don't see it because you don't understand what it is each politican is trying to accomplish. Rather like dealing with drunken Irishmen.

(Note: you can still assume that there is no clever plan in festering shitholes like Hungary.)