You Can Have the Parade Too

While this may seem like a very good financial deal for the Europeans...

Wolfgang Schaeuble, Germany’s acerbic finance minister, proposed a debt deal to his U.S. counterpart: Greece for Puerto Rico, straight up.

“I offered my friend Jack Lew these days that we could take Puerto Rico into the euro zone if the U.S. were willing to take Greece into the dollar union,” Schaeuble said at an event in Frankfurt Thursday. Lew, the U.S. Treasury secretary, “thought that was a joke,” Schaeuble said.

Schaeuble must know that all costs are not monetary...trust me, you don't want a Puerto Rico Day Parade in Berlin!