JP Morgan Explains The Euro Crisis With Lego

September 11, 2011 3:00pm by

I said earlier I wanted to find something “joyous and upbeat,” and this came to mind:
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This chart comes from a Michael Cembalest of JPM, posted by Felix Salmon of Reuters (JP Morgan Explains The Euro Crisis With Lego).

  1. The toreador in a floppy hat, and the F1 driver with his helmet, represent Spain, Italy and the rest of the Euro Periphery.
  2. The three men with helmets, shields, and medieval weaponry represent the CDU, CSU and FDP parties in Germany.
  3. The blue-and-white sailor boy is Finland. Obvs.
  4. The woman with an oversized carrot and her friend in overalls with a shovel represent the Social Democrats and Greens.
  5. Wotan represents the Bundesbank.
  6. The piggy bank is the IMF.
  7. The grey-haired Banque chap is the ECB.
  8. The chap in the red bib is Poland.
  9. The artists are France.
  10. The angry chef, the sweeper with a broom, the airline pilot, and the rest of the motley crew at bottom left, represent EU taxpayers in Core countries.
  11. The storm troopers are the EU Commission and Euro Group Finance Ministers, chaired by Jose Manuel Barroso and Jean- Claude Juncker.
  12. The monocled banker and his assistant are EU bondholders and shareholders.

Gee, nothing about the Irish or the Swiss . . . ?

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Source: Michael Cembalest, JPM via Felix Salmon, Reuters

JP Morgan Explains The Euro Crisis With Lego

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