Germany says nein.
If you enjoy the content at iBankCoin, please follow us on Twitter
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
“In the only tangible sign of progress on Sunday, leaders said they endorsed a broad framework drafted by their finance ministers for recapitalizing European banks to cope with likely losses on Greek and other euro zone sovereign bonds.”
Ok, I don’t want to sound alarmist, as this could easily be the author taking liberties with what was actually said. But, this is the first time I’ve heard anyone actually reference EU leaders talking about LIKELY losses on other euro zone sovereign bonds, not just Greece.
As a German, it really amazes me how much people underestimate the stubbornness of the Germans when they are told they have to do something. Add to that the fact that there is no love for eastern or southern Europe in Germany to begin with.
no shit.
Until Wednesday! Everyone already knows that!