Overriding dilemma: “Debts that can’t be repaid, won’t be repaid.”
The ECB’s QE is fraudulent credit – really dangerous, toxic stuff.
French Megabank: the ECB is “a prisoner of financial markets’ expectations.”
Official secrecy, obfuscation, and deception rule.
Any lingering hopes that the debt crisis was put to rest are brutally dashed. Investors are bailing out: Greek stocks down 20% in three days.
“Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
The new Eurocratic elite is worried. Deep cracks are spreading.
Et tu, Finland?
A true debacle is unfolding. Just when we thought the euro was finally safe.
“I’m not part of that system that has destroyed this country,” said Prime Minister Renzi. National leaders were deposed by the Troika for lesser sins.