Student With 0.0 Grade Average Has EU Insight: Jonathan Weil

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Dec. 8 (Bloomberg) -- The never-ending comedy that isEurope’s sovereign-debt crisis has reached its Otter moment.That’s when the world realizes the fundamental principle guidingevery important government decision is this: “I think that thissituation absolutely requires a really futile and stupid gesturebe done on somebody’s part!”

The quote comes from the 1978 movie “Animal House.” Afterthe dean of the fictitious college tells the Delta House boysthat he’s expelling them all, the fraternity’s smooth-talkingrush chairman, Eric “Otter” Stratton, delivers those famedwords of inspiration to his downtrodden brethren. Bluto, thedrunk with a 0.0 grade-point average played by John Belushi,says: “We’re just the guys to do it.” Mayhem ensues.