Well, we knew the PIIGS were in trouble, and have been for some time, but now it is the turn of Italy and Spain, and that means game over for the Euro in one of two directions: either full fiscal integration right now, like today, or a bust up.
Problem is, neither is actually legally possible, and so no mechanism exists to save the situation, as outlined by none other than Baroso.
I am to some extent covered being in the wildly over-valued Swissy, but that's an illusion too in the long run, it's all interconnected.
Enjoy the Show, you haven't even started paying for the ticket.
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