[ameribbean expat]

Yra Harris of Praxis Partners, CNBC commentator (usually partnered with Rick Santelli, longstanding veteran of the Chicago pits. Plainspoken Midwestern common sense on Brexit, its consequences, by a guy who has been in the market and had skin in the game longer than the people in DC or those reporting.

[babble-on]

The ECB doesn’t stand behind the debt. The national governments do, or don’t. Just like in the US. It’s not the Fed that has taxing authority, it’s the Treasury.