"Weaker Euroland" - Two Unhappy Holiday Jingles

A holiday jingle, via UBS Credit Strategy
"Weaker Euroland" - sung to the tune of "Winter Wonderland"
Credit calling, are you listening?On the horizon, defaults are loomingA dreadful sight,To see high yield's plight,Walking in a weaker Euroland.
Without a pledge from the German,Credit spreads are gonna widenWho wants to pay?For the peripheral disarrayWalking in a weaker Euroland.
In the markets we can't refinance,So we put the blame on the ECBShe'll say: What about austerity?We'll say: No

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