Well The Frau has indeed done an excellent job for German banks with all the Euros pouring in from the South (and elsewhere) in a desperate, panic stricken bid to find a safe haven. Of itself, even without the added spice of the inhuman austerity imposed on these countries by Germany, this would be more than enough to destabilise these economies.

So The Frau has achieved her object. To save the German banks while wagging her collective finger at the miscreants. This is a bit like a rape, isn’t it? The rapist always blames the victim for ‘having asked for it!”, doesn’t he? So here we are, the economies of the south, badly beaten and raped and mugged with our pockets emptied of every last cent, while Germany  smirks.

And so she should. She has got clean away with it this time, and everyone is blaming the “profligate” victims. You see? It needed a woman’s touch to do the job really well.

So now, state of play as we near The Frau’s Final Solution. Spain cracking up under the weight of its local economies going bust and its interest on bonds shooting up to 8%, that is effective exclusion from markets. Italy, pressure on her interest rates too with the Sicilian scare. Apparently this magnificent island is going belly up too. But, oh, this is Italy’s Greece (well yes! It was part of Magna Grecia now wasn’t it?) with profligacy being to blame again.

And Greece? After being bullied and terrorized into voting in the most inept, failed, useless people into government out of fear of being thrown out of the Euro, what do we get? Grexit by September!!! Mind you, for all my dear fellow electors here in Greece who actually believed in the humbug that Samaras and Venizelos were the right people to pull us out of the crisis and keep us in the Euro… well, I could say it serves them right, only all the rest of us are in the same soup too.

So The Frau will come back from her holiday, nicely refreshed, mission accomplished, ready to boot that disgusting cancer Greece out of the Eurozone in a timely manner towards the end of the year to gain maximum electorate advantage. Germany will have sucked up the very last dregs of capital from Italy and Spain, who will also be in line for a Euro exit, and Germany will reign supreme. It’s banks fully recapitalised, and the option of picking up anything it fancies dirt cheap from the collapsed Greece, that has already forfeited any sovereign rights it may have had, when she defaults.

And Angela Merkel will be crowned Empress of Europe! That is how it is done nowadays. Without armies.