“Frankly, the whole thing is falling apart. And in the middle of all of this, Mrs Merkel came out and said, ‘The fiscal treaty cannot be renegotiated, and it must hold.’ So, I suppose, for once, we’ve got the Germans providing the humor, because this thing isn’t going to hold.”(We risk) bond spreads heading to completely crazy levels. And French and German bank shares could be in very real trouble. I am back in Brussels today, and yeah, you can really see the fear in their (politicians) faces. They know that this thing (the EU) has become an absolute monster. Full Story/Source/KWN
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