Name Games... Part Deux

Tuesday, January 24, 2012 | 0 comments »

In a bold ripost to BM, the decision to put Jacques Santer in charge of fundraising for the EU's new bailout fund seems almost poetic. Or perhaps just honest.

The bailout fund has been endowed with the slightly tortuous appellation "Special Purpose Investment Vehicle". Or SPIV.

Jacques Santer: a petty bureaucrat of questionable authority.

Spiv: a petty criminal specializing in goods of questionable authenticity... offered at a bargain price.

It's as if they want the bond traders to know...