Too Big To Bail: European rescue fund can’t handle an Italian crisis
Europe scrambles to deal with Italy contagion fallout, calls emergency meeting as former ECB official says “Very worried about Italy”
Portugal and Spain are right behind Italy too, poised to take center stage in the Great Eurozone Debt Debacle.
Of course the answer is more debt. Kind of like seeing an alcoholic about to have a seizure – that (wo)man needs a drink! And indeed he/she does, but that alone won’t solve the problem.
This time will be different…