Call it what you will.
- Contingency plan?
- Spare parachute?
Fwance has TWICE the debt of Italy. In fact, sovereign bond yields spiked today (not a good sign) on everyone in EUroland except Germany.
No, the fat lady hasn't started singing yet...but she is warming-up.
Wednesday 16 November 2011
Contingency plan?............from Rico
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2 comments:
This whole thing was always all about France. And I seem to recall that French banks are into Italy for E400Bn, whereas our banks are 'only' into Italy for about E50Bn.
Why is Ireland, with 209 Billion, between Japan and Italy who each have over 10 times that amount?
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