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What happens when France and Germany and Spain reach Italy totals? Who will be left to help out?
by wolco 7y ago
What happens when France and Germany and Spain reach Italy totals? Who will be left to help out?
- paganel 7y agoGood question, I'm thinking that the EU (because at that point this will have become a political issue) will have to put all its geo-political weight to good use and force a debt moratorium, I don't think that just plain old QE (or whatever else they'll decide to call it) will work anymore. That could at least relieve some pressure off Italy, which has one of the highest debts to service from the OECD group.
- koheripbal 7y agoI believe Turkey is sending people to help...
- nutjob2 7y agoThe ECB, of course. It can create an unlimited money and use it to support the stability of banks that are the largest holders of sovereign debt. It's done this before and it will do it again.