Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Given that it wasn't solved and it continues to not be solved and it continues to grow and now, with the breakdown of the interbank lending system, it shows up in internal Eurosystem central bank balances... I think we have a problem.

But never mind, if you think the way to solve a balance of trade imbalance is serial private default once every 10 years or so...

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 07:00:37 PM EST
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