2011-07-12blogspot.com

Great charts in this: ``There is no way the EU/ECB/IMF troika can save Italy if and when it comes under too much pressure. Pretending that it can is useless, but a valiant effort to do just that will be made. By then, however, Greece will have been fed to the dogs. And judging from the amounts of exposure to Ireland, Dublin looks like a lost case too. Moreover, there is no reason the markets won't come after Spain at the same time as Italy. ''


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