Italy and Spain must pray for a miracle

The Telegraph ^ | 7/10/2011 | Ambrose Evans-Pritchard

[bruinbirdman]

Indeed. Two months off. Most think he was facetious when he said he was going to contemplate his navel in Peru. yitbos

[dennisw]

Maybe he has a guru there or was taking Ayahuasca

[dennisw]

I like yr yacht on yr homepage

[Cronos]

the UK is not in the Eurozone.

No one's gonna die. Basically even in countries like Ireland, salaries have been cut, and the economy is doing well but the cost of borrowing is sky high.

The Euro mayyyy go, but I doubt that, the German economy is too strong.

[Cronos]

True for Spain, but Italy’s Berlusconi is not a leftist. he’s a comedian...

[Cronos]

there’s no lira. it hasn’t existed for years...

[normy]

Liberals are fun to talk to, because they say stupid things like "we're in this mess because of Bush's tax cuts" yet they actually want to be like Greece.

Those numbers munin posted are disgusting if true. What's funny is the productive Euros having to prop up the Speedo wearing loverboys.

[I Shall Endure]

“When the New Mark is issued, buy it and other assets dominated in it. Or buy something else substantial.”

Germany uses the Euro the way China uses the yuan - as a way to keep its exports cheap. That’s why they’ve been willing, so far, to underwrite the PIIGS — it keeps their exports competitive.

[SAJ]

And, even when it existed, it didn't really...

;^)