SUMMER BREEZE BEFORE THE DEADLY GALE FORCE WINDS

Europe is giving new meaning to the term “bootstrapping,” the age-old (virtuous) idea of picking oneself up off the floor after some blow or reversal of fortune has laid you low. The new method might be called “skyhooking” in which a massive rescue apparatus secured at some mysterious point unseen in the clouds lifts whole exhausted nations from their knees in order get them to summer vacation. Hence: the interesting spectacle of an entire continent headed for vacation despite facing utter financial ruin, revolution, and civil war.

No one who has been to Europe in our time can doubt that it is a lovely place to stage human existence. The towns and cities are in immaculate condition, even the ones bombed to gravel in the receding unpleasantness of the 1940s. The trains, trams, and subways run cleanly and on-time. The citizens, though well-fed, maintain normal physiognomies and wear dignified adult costumes out in public. Everything along the streets broadcasts the notion, central to civilization, that grace and beauty matter — even the handwriting on the bistro chalkboards. What a wonderful place. I’d like to go back. But events suggest that this sweet period of history is drawing to a close and whatever happens there next will be less like Midnight in Paris and more like Riot in Cellblock D meets Quest for Fire.

This skyhooking procedure has been both fun and sickening to watch, like any great public stunt of seemingly impossible derring-do. Here you have a whole bundle of nations, all up to their chins in the quicksand of debt, pretending to catch lifelines of new credit dropped mysteriously from the clouds by hidden central bank airships, only to find that the lifelines are a kind of collective hallucination coming over them like a fever dream in their hour of desperation. Seems rather cruel, actually

More