Awesome
Portugal leading the way, Greece will be next. Unfortunately Spain just elected a conservative so who knows if he will just buckle to Germany. Anyway, all it takes is one country to credibly threaten to default and the Euro will be officially done unless the ECB steps up and does what’s right by acting as lender of last resort to member countries. Not holding my breath though - we are screwed.
Greg
This blog ceased to exist at 3:06pm on August 11, 2011
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