This Is Not Good at All

I've been having a bad feeling for several years now that this era has a bad inter-war era vibe going. The slow anschluss with Ukraine that Russia is pulling off doesn't dispel that feeling.

Nor does the threat of more economic unrest just as we think we've emerged from the Great Recession:

There were fears that Britain could follow Greece into a financial crisis after a global finance chief warned of economic "contagion" spreading across Europe.

The head of the International Monetary Fund urged politicians to finalise a bail-out for the debt-laden Mediterranean country, saying that every day lost in resolving the problems risked spreading the impact "far away".

Dominique Strauss-Kahn's comments came amid more evidence of Europe's mounting fiscal problems after Spain's debt was downgraded - a move recently applied to its under-pressure neighbour Portugal as well as Greece.

Of course, this time around, the Battle of Britain will come earlier.

Have a lovely day.