Stupid proposals and snotty handout recipients

German finance minister Wolfgang Schauble says the US plan to boost the ESFS's lending limit - by dipping into the European Central Bank's reserves - is, in his characterization - "stupid." And Greece is reduced to outright extortion, basically telling the rest of the continent, "You know you have to come up with something - get the money from somewhere - or we'll hard default and send global markets into a tailspin."