From FT Alphaville:
Pointless Greek bond swap dead — long live pointless Greek bond swapFrom Karl Marx:
Hegel remarks somewhere that all great world-historic facts and personages appear, so to speak, twice. He forgot to add: the first time as tragedy, the second time as farce.Which Karl appears to have lifted (without attribution) from his pal Freddie Engels:
-The Eighteenth Brumaire of Louis Bonaparte, 1862
“it really seems as though old Hegel, in the guise of the World Spirit, were directing history from the grave and, with the greatest conscientiousness, causing everything to be re-enacted twice over, once as grand tragedy and the second time as rotten farce...
-letter, Engels to Marx, 3 December 1851