[mulligan]

And so does America.

[blam]

DELONG: It Is 1931. We Are Austria. If The Fed Doesn't Save Us Here Comes Another Great Depression...

[Mariner]

Euro is toast.

Only Germany could possibly bail out Italy.

However, that's the limit of their resources. Even that would cause political revolution in Germany and eventually cause a wholesale change of government.

France has their OWN debt problems emerging and can only save themselves, if that.

[familyop]

Part of the deal with Greece was that Italy won’t be bailed out with free money, not that it would be possible. Maybe northern Europeans should consider building some fences.

Aside from the distractions, our own US debt situation is probably terminal, too. There will be repudiations.

[blam]

By The Way: Hong Kong Is Getting Crushed Tonight