JP Morgan explains the Euro Crisis with Lego

Michael Cembalest, Chief Investment Officer von JPMorgans Private Banking, hat zur Illustration seines Papers über „The debt crisis in the European Monetary Union“ den wahrscheinlich einzig richtigen für diese Aufgabe rausgesucht: Seinen 9jährigen Sohn Peter. Der hat ihm das ganze Debakel in Lego Minifigs erklärt und hoffentlich auch nebenbei mal erzählt, was für einen miserablen Job Cembalest und seine Kollegen in der Finanzwelt in den letzten 20 Jahren abgeliefert haben.

To examine the various factions, I consulted Peter Cembalest, who specializes in conceptualization of such phenomena. Peter (age 9) uses Lego Minifigures as a medium, and assisted me with the diorama on the next page.

Hier die Legende für das Lego-Finanzdiagramm oben. CDU, CSU und FDP als mittelalterliche Ritter und die Finanzminister der Eurostaaten als Stormtrooper. Der Kleine wird mal ein Genie.

  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.

JP Morgan explains the euro crisis with lego, Link zum PDF (via Geekdad)