Relevant:
- It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden
- Germany Prepares to Exit Euro as Sovereign Debt Crisis Grows
- Spain Blinks
- Italy's Mr Euro urges Latin Front, warns Germany won't sell another Mercedes in Europe
- Beppe Grillo calls for nationalisation of Italian banks and exit from euro
2011-11-13 — lighthouseinvestmentmanagement.com
``CONCLUSION: Italy and Spain are too big to be saved by Germany and the Netherlands. Merkels statement reveals a sudden "buyers remorse" by Germany. The EFSF is dead before any org-chart has seen the light of the day. All what is left to do for Germany is to play on time and to prepare for the exit from the Euro.''
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