οι διασώσεις και τα λεφτά τους

Απο πού θα βρεθούν τα λεφτά για τις τραπεζικές διασώσεις...


Where is this big sum of money coming from?
- More LTRO. No – there is no more collateral. All of the swill loans have already been hocked.
- Cut ECB % rate. Doesn’t matter. It won't change conditions in Italian or Spanish funding markets one bit.
- A spending plan of <1% of GDP. That won’t put a dent in the recession that is building.
- Brussels buys more sovereign bonds to avoid a catastrophe of Italian 10-year exceeding 7% (capitulation). Sorry. There are “wise men” in Germany who will simply not allow this to happen in the scale that is required.
- The ECB goes Defcon 1 and launches a E2T QE program. No – same answer as above.
- Merkel does a 180 and embraces Euro bonds. No chance in hell.
-The US or China are going to start buying EU bonds? Lunacy – not happening.
-The IMF will come to the rescue? No way – the IMF does not have the resources to solve anyone’s problems.

 ...ένα θέαμα για τα μάτια,  όσο ζεί η Μέρκελ ,  και μια λύση που δέν δίνεται γιατί κανένας δεν θέλει να χάσει ή τουλάχιστον δεν θέλει να αρχίσει η χασούρα απο αυτόν.