Grasping Reality on TypePad, by Brad DeLong

Hoisted from Comments: Ronald Buck:

Ronald Buck wrote: The ditty form the Great Depression:

Mellon pulled the whistle
Hoover rang the bell
Wall Street gave the signal
And the country went to hell.

Can be adapted to this situation:

Trichet pulled the whistle
Merkel rang the bell
The G20 gave the signal
And Europe went to hell