Posts Tagged ‘Merkel’
Euroland, no Disneyland
To keep Spain and Italy in the euro, the ECB must buy Italian and Spanish bonds, as nobody else will. And, it can only do so if Merkel allows it. Separately, there’s the possibility that the German Constitutional Court will prohibit Germany from contributing to the European bailout fund. Assuming Germany green-lights everything, Italy may…
Read MoreEuro Chicken anyone?
What’s going between Greece and the rest of the Eurozone is a game of chicken. The Greeks think that if they quit the Euro, the pain for the rest of the Eurozone will be so severe everyone will, again, bail them out. Meanwhile, Merkel and Co. are betting that if Greece leaves the Euro, Greek…
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