Euro Area

[Furunculus]

and now we enter the real end-game:

http://www.telegraph.co.uk/finance/f...opes-bows.html

I give you the German President Christian Wulff:

““I regard the huge buy-up of bonds of individual states by the ECB as legally and politically questionable. Solidarity is the core of the European Idea, but it is a misunderstanding to measure solidarity in terms of willingness to act as guarantor or to incur shared debts. With whom would you be willing to take out a joint loan, or stand as guarantor? For your own children? Hopefully yes. For more distant relations it gets a bit more difficult,”

remember me wittering on about that "shared familial sentiment", yes, yes, a trifling irrelevance against the importance of dry technocratic governance, i see that now.

lol!