- Govts did “too little too late” over Greece
- Germany’s PSI push endangers bank solvency
- EU is undemocratic and ungovernable
- Events in Hungary are a pre cursor for “what’s in store”
- Structural reforms aren’t enough to solve crisis
- Europe has to impose strict fiscal discipline before stimulating the economy
- Europe will require Eurobonds
- Greek default is looming and likely won’t be avoided, question is how will Europe deal with it
- Stronger firewalls are needed for other Eurozone states
- Italy is doing “really quite well”, should be rewarded
EUR/USD’s getting no help from these comments as pair hits a day’s low of 1.2948 just now
