Here It Comes….. (Euro Zone)


From the FT:

Eurozone members that break the region’s rules on public finances should be excluded temporarily from Europe’s political decision-making, the president of the European Central Bank has proposed.

I’m sorry, but there would be no such suggestion – as explosive as it is – unless something or someone was about to detonate or someone was about to get caught pulling another Greece.

Or maybe it’s still Greece – after all, we still don’t know the full extent of their games, as they have refused to release the documentation in full.

I don’t buy that this is entirely prospective, and that leads me to ask: What is it, Mr. Trichet, that you’re not telling us?

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