Monday, March 05, 2012

The BBK seeks insurance against EMU break-up

The Bundesbank has no right at all to be baffled - FT.com:
"It also tells us something else: by seeking insurance against a collapse of the euro, the Bundesbank tells us it no longer regards the demise of the euro as a zero-probability event. If the Bundesbank seeks insurance, so should everybody else."


'via Blog this'

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