# # #

The Greek Debt Song by Merle Hazard and Economizzin

The Greek Debt Song Our favorite country-western money manager, Harvard-trained Nashville econo-crooner Merle Hazard, with his band Economizzin, tell the tale of Greece’s fiscal problems.

“The Greek Debt Song” Lyrics
by Merle Hazard
Melody (“Never on a Sunday”) by Manos Hadjidakis, Courtesy EMI

Oh yes, the Greeks gave us Pythagoras, and Euclid, and Plato, and other wondrous stuff
But balancing their national budget, their budget, their budget, apparently is tough
They used derivatives from Goldman, from Goldman, from Goldman, expenses to postpone
And had to go to France and Germany, and Germany, and Germany, to get a bailout loan

They borrowed short, at a lower rate
Like the Wall Street brokers, we have grown to hate
And when the markets, get into a funk
They won’t buy your paper, if it’s rated “junk”

The budget problem of the Greeks, of the Greeks, of the Greeks, are a European pain
I hope it doesn’t spread to Portugal, Portugal, Portugal, Italy or Spain
The ECB and IMF, IMF, IMF, have applied their expertise
To keep the European Union, from crumbling, from crumbling, just like feta cheese

Let’s hear a little bouzouki!
[Instrumental]

And when the markets, get into a funk
They won’t buy your paper, if it’s rated “junk”

Some say that Greece may drop the Euro, the Euro, the Euro so their products can compete
And if it still is not enough, not enough, not enough, maybe they can sell off Crete.
And if it still is not enough, not enough, not enough, maybe they can sell off Crete!

# # #