The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Deutsche Bank, et.al., have shown they could give a rat's ass about the EU Project® simultaneously they have shown they deeply care about getting their money back, with interest. If the euro goes ker-blewie the financial instruments denominated in euros has as much value as German bonds denominated in Reichmarks.
She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
If the euro goes ker-blewie the financial instruments denominated in euros has as much value as German bonds denominated in Reichmarks.
No, if the -Mark goes boom, those instruments will have as much value as ones denominated in D-Mark, as long as you possess sufficient political connections to the German government.
Of course the rest of the Eurozone may well be a wasteland by that point, and the German economy may well find itself fresh out of customers. But the currency will be sound.
Austerity can only be implemented in the shadow of a concentration camp.
Clearly, a number of bondholders view themselves as quite secure on that count. They may end up being surprised, of course, but by then the rest of us will be too busy trying to keep our heads above water to have much fun pointing and laughing.
by afew - Jan 28 25 comments
by melo - Jan 23 4 comments
by gmoke - Jan 15 5 comments
by DoDo - Jan 20 4 comments
by Frank Schnittger - Jan 16 104 comments
by ChrisCook - Jan 1 66 comments
by afew - Jan 5 44 comments
by DoDo - Jan 2 5 comments
by afew - Jan 2825 comments
by melo - Jan 234 comments
by DoDo - Jan 204 comments
by Frank Schnittger - Jan 16104 comments
by gmoke - Jan 155 comments
by afew - Jan 544 comments
by rifek - Jan 59 comments
by DoDo - Jan 25 comments
by ChrisCook - Jan 166 comments
by melo - Dec 316 comments
by Metatone - Dec 3129 comments
by rz - Dec 2956 comments