Early reactions to Greek Bailout 2.0
If this is not the case and the ECB continues to be unable to provide support for Spanish and Italian bonds, then the whole thing could collapse as early as next week.
My impression, watching the interview, was incredulity at the smug self-satisfaction as the banks are laughing all the way back to their offices, knowing once again that Europe's taxpayers will take the hits, while bankers continue their excesses.
How long Europe's voters will continue to tolerate these outrages remains to be seen? What happened to all the dire warnings of one year ago when a Greek default was seen as a complete disaster for the euro zone.
Labels: Greek Bailout 2.0
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