The non-plan about a "voluntary" debt cut, is gone. Wel if you have followed this blog you know this hardly can be told to be a suprise. At first If I'm having the bond I have the right to get my money back. It's up to me and the debtor to figure something out if he's not able to...
A lot of money vanished yesterday. I guess we're talking about values at or around 2-10 trillions. How will that be changed if the EZB has bought bonds from Italy and Spain at or around 5-6 billion? Without doubt, we can say also. Nothing has changed really maybe just the majority starts "understanding"...
If you invest in the EU or Euro zone be prepard to not just econimic hindrance, expect the worst from politicians. Think of taxes on investments and the like and you may not be suprised. If you feel contract have to be obeyed, then forget this as soon as you make contracts with governement agencies....
Well it seems Liberals will see tough times in the near future, till it will turn out that they got it right. Let's wait which country bankruptcy will be the tombstone of this ever progressing socialism. Now it will get interesting for Greece, Portugal, Spain and maybe Italy (funny enough they name...