Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Fortunately, if the ECB refuses to do its job as lender of first and last resort to the Italian government, the Italian central bank can recover a large fraction of the exiting money simply by defaulting on its outstanding Target balances.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Mar 11th, 2013 at 03:40:43 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series