Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
The bond markets can perfectly well endure a collapse of the Eurozone, if the way it plays out is that all the non-German members are ejected one by one, with the various three- and four-letter agencies bailing out the holders of these "feckless swarthy Southerners'" bonds. Every time, obviously, with the resolution "never again." Which is an incredible threat, in the game theory definition of that term.

That will be hard on the German (and possibly French) taxpayers. But turkeys don't get to vote on the Thanksgiving menu.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Aug 11th, 2011 at 07:11:22 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

LQD: Totes awky momo

by Frank Schnittger - Oct 12
30 comments

Catalonia open thread

by fjallstrom - Sep 29
41 comments

Smudges

by Oui - Sep 23
10 comments

Occasional Series