Z pustego nie naleje
/ 178.36.14.* / 2011-07-27 13:52
Niemcy zorientowali się, że poprzez wycofanie się ECB z monetyzacji długu, zostaną sami z workiem w ręku i tym samym cały plan drugiego bailoutu Grecji wziął w łeb...
"by not monetizing European debt on its books, the ECB has effectively left Germany holding the bag to the entire European bailout via the blank check SPV." We concluded with the rhetorical: "what happens tomorrow when every German (in a population of 82 very efficient million) wakes up to newspaper headlines screaming that their country is now on the hook to 32% of its GDP in order to keep insolvent Greece, with its 50-some year old retirement age, not to mention Ireland, Portugal, and soon Italy and Spain, as part of the Eurozone?" Well, German Finance Minister just gave us an answer, and it is the reason why various European banks are once locked limit down, and the entire banking industry in Europe is bleeding...