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Archive - Jul 7, 2012

Phoenix Capital Research's picture

Spain's Not Getting a Bailout... Neither is Italy... It's the END GAME Folks

Submitted by Phoenix Capital Research on 07/07/2012 06:01 -0500



Merkel and Weidermann’s points here are crucial. There is no way that either can OK giving German funds (ultimately Germany is the real backstop for the EFSF and ESM) without conditions. Why should Germany risk its AAA status to prop up countries that have proven to be unwilling to implement any meaningful reforms and whom actually lie openly to Germany’s face time and again?

 
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