The undead returns to Europe

Wednesday, 27 February, 2013

The undead Just as F. Scott Fitzgerald toyed with Trimalchio as a possible title for The Great Gatsby, Bram Stoker considered using the title The Un-Dead for his novel Dracula. In both cases, we should be eternally grateful for what finally appeared on the cover as Gatsby and Dracula have become metaphors for hosts of phenomena, ranging from plutocracy to lack of proper dental care.

Roger Corman and lots of other makers of Hollywood B movies are in the debt of Bram Stoker as well because his use of “undead” is responsible for the modern horror sense of the word. Neologism note: The word undead does not appear in English before Stoker. Definition: “The term undead describes beings in mythology, legend or fiction that are deceased yet behave as if alive. A common example is a corpse re-animated by supernatural forces by the application of the deceased’s own life force or that of another being.”

Following the inconclusive Italian election at the weekend, the undead euro has returned to haunt its crazed creators. Today, Italy will attempt to sell between €3 billion and €4 billion of a new 10-year bond and between €1.75 billion and €2.5 billion of five-year paper. Observer should keep a close eye on two-year Italian yields for signs that the market is worried the political paralysis has voided the protection offered by the European Central Bank’s bond-buying pledge.

“Listen to them. Children of the night. What music they make.” Dracula

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