Lots of great stuff from Zerohedge and Mike Shedlock on the weekend's European Comedy Capers...
Zerohedge:
European Finance Ministers Driven To Despair As Reality Returns (grim)
Greek Writedowns - Let's Do ONE Thing Correctly (defining default?)
They Can't Even Coordinate Press Conferences (more comedy)
Guest Post: The European Financial Crisis In One Graphic: The Dominoes Of Debt (more serious)
Summarizing The Sheer Chaos In Europe: 9 Meetings In 5 Days
Europe Goes Full Bailout Retard: EFSF Rescue Capital To Be Officially Double-Counted (back to comedy)
Watch Merkozy Cracking Up Following Question If Italy Can Implement Reforms (now even they are laughing)
Mike Shedlock (about 4 days of amazing Keystone Kops style silly stuff in chronological order):
Leveraged EFSF Violates Maastricht Treaty; "Merkozy" Master Plan Comes Unglued
EU Commissioner Seeks to Prohibit Rating Agencies from Rating Stressed Debt; IMF Report on Greece Held Up in Dispute with EU
Merkel Cancels Speech to Parliament; "Merkozy Marbles"
Euro Summit Statement "Leaked" Draft Looks Like Swiss Cheese; 10-Point Proposal for More Meetings
EU Given Rope, Hangs Itself
Magic Turns 340 Billion Euros Into 940 Billion Euros; Six-Day Marathon of Lies, Deceit Underway
Late Payments in Spain Soar to 7.14%, Highest Since 1994; Portugal Economy Expected to Contract More than Forecast in 2012
EU Diplomatic Source Says Worst Case Scenario Would Consume Entire EFSF, Haircut of "At Least 50%" Coming or IMF will Not Proceed
EU Finance Ministers Decide to Force Banks to Take Bigger Greek Bond Losses, Recapitalize by $140 Billion; Amount Insufficient, Few Other Details
"Resurrection of Dead" Stories by The Telegraph (US of E? Getting hilarious)
EU is reporting "Progress" but None of it is Meaningful
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