Greece has upset the other leading Euro zone countries by placing their entire 500bn euro bailout on a horse in the 3.30 at Kempton
Angela Merkel who has been a fierce critic over the way Greece has handled its economic crisis was moved to say
'This is how they got in such a mess in the first place.
To put it all on just the one horse is clearly irresponsible and completely goes against the fiscal stimulation recovery plan drawn up by fellow Euro zone finance ministers.
We urge them to take a step back, take a deep breath and think again.'
Although touted as a genuine contender to land one of the big races by insiders at Racing Post, the horse is yet to deliver on its early promise as a four year old.
This will be the twelfth outing of a disappointing injury plagued season for the horse, a 33/1 outsider which has yet to be placed.
But the Greek government were adamant their decision was the right one to take.
In a hastily arranged press conference Prime Minister George Papandreou defended the decision by explaining
'We studied all the stimulus packages and debt management schemes but in the end it was a no-brainer.
When we saw Taramasalata was entered in the 3.30 we had no choice but to give it a punt.
I had a dream last night that a horse made from cured fish roe, bread crumbs, lemon juice, vinegar, olive oil topped off with just a tiny pinch of salt served on a pita bread sandwich had amazingly saved the Greek economy from imminent disaster.
It was clearly an omen.
We might have our backs against the wall right now but we're not going to stop doing things 'Greek style' for anyone.