Well no shit…the majority of euro leaders are in debt up to their eyeballs and would love to borrow at German rates.
Here’s a clue for you, Mario: It could be 26-1 in favor so long as Germany does not want to extend the full faith and credit of the German people to its euro brethren, you are out of luck.
- Believes euro area could have euro bonds soon
- Italy can help push Germany for common good of the EU
- Germany would be hurt by a weak “new lira” in Italy
- Euro exit would also be bad for Italy
- Greece won’t leave euro
- Anything can happen in Greece but likely to leave euro
