"God said to Moses, 'Extend your hand over Egypt to bring the locusts, and they will emerge on Egypt. They will eat all the foliage in the land . . . " (Exodus 10:12)

This was what Franz Munterfering, chairman of the German SPD party, was afraid of when he made his scathing remarks about the coming of the locusts to Germany back in April.

The specific species of predatory insects to which he was referring go under the modern-day names of hedge funds, investment funds and private equity firms.