The Euro has declined from 1.55 to 1.25 against the dollar.
So why would any investor buy Italian bonds right now?
The regulators must be giving out goodies to the banks who buy them.
The Euro has declined from 1.55 to 1.25 against the dollar.
So why would any investor buy Italian bonds right now?
The regulators must be giving out goodies to the banks who buy them.
The Euro has declined from 1.55 to 1.25 against the dollar.
So why would any investor buy Italian bonds right now?
The regulators must be giving out goodies to the banks who buy them.
The Euro has declined from 1.55 to 1.25 against the dollar.
So why would any investor buy Italian bonds right now?
The regulators must be giving out goodies to the banks who buy them.
When depositors can’t get their money out of a bank then yes, Italy is the next domino.
Italy is too big to fail (because it will bring down the EU), but also too big to save.
The real fun begins when the Europeans find themselves having to choose between defaulting on their pension obligations to their native European retirees, or withdrawing welfare benefits from their Muslim immigrants and expelling them. I expect this to happen before end of year.
I suspect Obama wanted this debacle to hold off until 2013, so that the disaster could be blamed on Romney. I don’t think there’s a way to hold it off.
Just like Spain. For weeks they denied they need a bailout, until they did.
Oh, well! -- that makes it official.
Italy is next, in three, two, one ....