Relevant:
- Monti Begs Germany to Stabilize Interest Rates; Merkel Pours Cold Water On "Theoretical Discussions"; Italy Official Denial #1; Why Monti's Days Are Numbered
- Germany could be Europe's next big problem
- Spain and Italy's borrowing costs soar as Angela Merkel remains defiant over eurobonds
- Beppe Grillo calls for nationalisation of Italian banks and exit from euro
- Edwards: ‘Waste of time' to save Italian bank; Get Italy Out of Euro
2012-06-13 — globaleconomicanalysis.blogspot.it
In retrospect the word "paradox" is wrong. Ponzi scheme is more like it, and the scheme is ultimately backstopped by Germany.
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