Circle the calendars folks and set those alarms. After nearly 7 years into the crisis we may get some action within another 10 years.
The cheeky chappies at Bloomberg have gotten hold of and EU planning document which “assures” the G20 that a common bank backstop will be here within a decade.
Shall we give them the benefit of the doubt and suggest they mean the decade as in 2010-2020?
We’ll just kick back and wait then.
