Thank you Angie for confirming what we all knew: that absent the help of the 950% debt-to-GDP levered UK [4], the European experiement is over.
- MERKEL SAYS 'WE NEED GREAT BRITAIN IN THE EUROPEAN UNION' - BLOOMBERG
Well, uh, fingers crossed and good luck with that.
And some other headlines from the Frau:
- MERKEL SAYS GREECE IN 'VERY COMPLICATED SITUATION'
- MERKEL SAYS GREECE NEEDS FULL DISCLOSURE OF ECONOMIC SITUATION
- MERKEL SAYS GREECE EURO EXIT WOULD HAVE 'INCALCULABLE' IMPACT
- MERKEL SAYS JOINT DEBT ONLY PAPERS OVER COMPETITIVENESS GAPS
And more such talking points, but this one is best:
- MERKEL SAYS SHE WILL HAVE NO PART IN FORCING GREECE OUT OF THE EURO - RTRS
Yup, she will leave that decision to the Greek 100% beggar-to-citizen population. Oh, and fiscal feudalism 101... it's back:
- MERKEL SAYS EUROPEAN NATIONS WILL NEED TO CEDE MORE POWER TO EU.