Vice President Joe Biden, now best known for being the man who relies primarily on Jon Corzine for financial advice, continued his recent roll of epic linguistic blunders this morning. As Reuters reports, the VP, "joked during a visit to debt-choked Athens on Monday about bringing money to help Greece out of its deepest financial crisis in decades. Introducing a member of his delegation during a meeting with Greek President Karolos Papoulias, Biden said: "This man represents the Treasury department. He's brought hundreds of millions of dollars." His comments drew laughs from both the Greek and U.S. delegations." It is unclear if the Greeks laughed because the noted number was orders of magnitude less than what would be needed to actually put a dent in the Greek fast-motion train wreck, or because everyone was waiting to see what the American taxpayer's response would be to learn that while America is hopelessly locked in gridlock of releasing more cash to that country's middle class, the US Treasury is quite happy to disburse taxpayer funding to Greece. We are holding out breath to find out.
Euro zone ministers will meet on Friday for a summit billed key to finding a way out of a growing debt crisis and may turn to the International Monetary Fund for more aid.
A senior U.S. Treasury official said last week that the United States was not planning to make such loans to the Fund and said the lender's resources were adequate.
Asked what his message to Europe was, Biden said: "Hang in there."
Oddly enough, hanging may indeed be the only option for a whole lot of Europeans soon enough.