Talleyrand said of the Bourbon dynasty that ruled France both before and after that country¡¯s revolution: ¡°They have learned nothing and have forgotten nothing.¡±

Today, with the same shortsightedness, Europe¡¯s leaders stick unblinkingly to policies that the whole world can see have already failed.

Having learned nothing and forgotten nothing, they have just announced yet another version of a seemingly never-ending succession of Greek rescue plans that they must surely know will not work.