Waynemarlow
Super Anarchist
Sorry LeoV but debt is debt and however you want to spin it, somebody is going to pay as and when that debt is unwound. That under the present auspices of the EU is whoever has the broadest and deepest pockets.Wayne, a repeat, your thoughts that national banks in the Euro zone had a national QE program and the EU with ECB a QE program on top was wrong. Hence your basic understanding of EU economics was way off, for a decade.
In my view there is relatively few of those deep pockets left and the likes of the Netherlands is going to have to have very very deep pockets to prevent the good denizens of the NL’s being picked clean by the likes of the PIGS and all the Eastern bloc recent additions to the fold.