Comments on: Eurozone crises: the bigger picture http://blogs.reuters.com/felix-salmon/2010/03/03/eurozone-crises-the-bigger-picture/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ClementKnorr http://blogs.reuters.com/felix-salmon/2010/03/03/eurozone-crises-the-bigger-picture/comment-page-1/#comment-12394 Wed, 03 Mar 2010 19:43:58 +0000 http://blogs.reuters.com/felix-salmon/?p=2800#comment-12394 The Scots hate the English, the Flemish hate the Waloons, the Southern Italians hate the Northern Italians, the Catalonians hate the Spaniards, the Bosnians hate the Serbs and of course the French hate everyone. Then along came the “let’s all play nice together folks” and they made a European Union. The idea that a bunch of out of touch bureaucrats could get dozens of nations marching in the same direction was utter nonsense and doomed from the start!

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By: UncleBillly1 http://blogs.reuters.com/felix-salmon/2010/03/03/eurozone-crises-the-bigger-picture/comment-page-1/#comment-12390 Wed, 03 Mar 2010 18:49:54 +0000 http://blogs.reuters.com/felix-salmon/?p=2800#comment-12390 The Treaty of Mas Dreck.

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By: Bludde http://blogs.reuters.com/felix-salmon/2010/03/03/eurozone-crises-the-bigger-picture/comment-page-1/#comment-12387 Wed, 03 Mar 2010 17:51:41 +0000 http://blogs.reuters.com/felix-salmon/?p=2800#comment-12387 The Meriwether clones pre 1998 bought Spain, Italy, Belgium vs Germany… Greece was not in the picture then..However, whilst So Europeans cannot become Germans, and none would like to, they can coat-tail off the German weighted ECB.. and the markets, believe that in a crunch some mechanism will be found to “buy” Greek bonds.. One such scheme is for a Spanish bank to buy Greek bonds at 350bp spread and repo Spanish bonds with the ECB at 120bp over, pocketing the difference.. its really heads I win tails you lose because if Greece does fail, the bank will just “pass the buck” (the defaulted Greek bonds) to the Spanish Treasury.. NOT much difference here in the USA where the Fed has guaranteed to bail out everybody…

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By: Gotthardbahn http://blogs.reuters.com/felix-salmon/2010/03/03/eurozone-crises-the-bigger-picture/comment-page-1/#comment-12385 Wed, 03 Mar 2010 16:22:11 +0000 http://blogs.reuters.com/felix-salmon/?p=2800#comment-12385 Good article Felix. You’ll turn me into a fan sooner than you might think.

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