Greece ……… Is ……… F%$#ed

The leaders of the Greek Fascist Golden Dawn Partywere formally charged with assault and murder:

Nikolaos Michaloliakos, the extremists' enigmatic leader, was said to be in his pyjamas when police surrounded his home and knocked at the door. Like his second-in-command, Christos Pappas, who subsequently surrendered, and the four MPs who were hauled before a public prosecutor on Tuesday, he stands accused of murder, money-laundering, blackmail and illegal possession of arms.

But they were almost immediately kicked loose on bail:

Three senior lawmakers from Greece's far-right Golden Dawn were freed on Wednesday pending trial on criminal charges, an unexpected setback to the government's efforts to clamp down on a party it has labelled a neo-Nazi criminal gang.

The decision to free the men after an 18-hour court session raises questions about the solidity of the state's case against Golden Dawn after one of its sympathisers stabbed to death an anti-fascism rapper.

Party spokesman Ilias Kasidiaris and fellow lawmakers Ilias Panagiotaros and Nikos Michos stormed out of the court to cheers of "bravo" from supporters. They kicked and shoved journalists out of the way before hailing a taxi.

"We will not back down!" Michos shouted. "You can only stop us with bullets. Even from the grave, we will rise up - know this well!"

The parallels between a certain beer hall putsch of a failed painter are rather alarming.

The Euro looks to be doing the same job of stabilizing Europe during a depression as the mindless fixation on the gold standard of the German central bank did in the 1930s.