Quote:
Originally Posted by Snowcat
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Let me tell you how this will proceed, as you may have already surmised:
The only way out for Europe is a unified fiscal body. The Europeans can't pull this off politically at present, so they need a serious amount of brinksmanship.
Germany, knowing it has effected the greatest currency scam known to man, clearly knows it cannot see the eurozone disintegrate, hence it will, upon the arrival of said brinksmanship, sponsor a new, de facto fiscal parliament led by who but Germany and France. Italy, of course, will have a minor role.
Then, they will issue eurobonds to guarantee the assets of the periphery.
Meanwhile, markets will rally furiously, after having seen the near-abyss conditions of 2008.
Watch for it.