SamuelRSmith on 01 December 2010
Interest rates have also been recently climbing on Belgian and German bonds. Once the markets are through with the PIIGS, investors are worried about whether Germany and other core Eurozone countries can handle the bailout costs.
The more you lend to a deadweight, the more you become a deadweight.
The end of the Eurozone is nigh. It's either Eurozone countries giving up fiscal sovereignty, or the end of the project. I don't believe Europe is ready for the former, and I don't think they (responsibly) should be for a very, very long time.
