Is Europe Loosening Up Austerity’s Iron Clasp?

Yanis Varoufakis two weeks ago:

Suppose that I were to demand of you that, by the end of August, you should be able to run the 100m sprint in less than 10″. Suppose further that, to give you a firm incentive to lift your ‘game’, I whip you continually.

That sure sounds like Europe…