Maria Joao Rodrigues on Scenarios for the Eurozone

This interview would be hilarious were it not so out of touch with the reality hurtling toward the EUro-zone! Frau Merkel’s Germany is fast running out of the liquidity to continue to finance the ongoing crisis of repeated Bail-outs. Spain and Italy just shuffled the mounting debt crisis further along the track toward a juddering halt when German Citizens whose whole grounds for supporting a switch to the EUro was based on STABILITY finally come to realise that everything they ever worked for since that inception, their investments, savings, pensions are going to be put at unacceptable risk. A risk factor principally in order to save apparently spendthrift nations (not only the ‘bailed-out’, but also Spain, Italy and just up ahead Netherlands, Belguim and France included) who are completely unwilling/incapable of putting their own Economic-Fiscal houses under any sense of control for fear of causing sweeping upheaval among their populations.
The positive reaction to the deal done overnight is doomed to collapse just as soon as it is grasped in Germany that Frau Merkel is rapidly losing the argument to the other 16 Governments who really do think Germany should pay for all them! UTTERLY Hilarious!