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It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden

By: capt_nemo in WRGO | Recommend this post (0)
Sun, 07 Aug 11 7:09 AM | 67 view(s)
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Submitted by Tyler Durden on 08/06/2011 - 12:20 Bank of Japan Central Banks China European Central Bank Germany Italy Japan Monetization Quantitative Easing Reuters

Remember when we said (yesterday) that Germany will soon balk over the fact that it is pledging its entire economy to bail out an insolvent Europe? Well, that moment has come.

* German Govt: Italy Too Big For EFSF To Save - Spiegel
* German Govt: Doubts Whether Tripling EFSF Would Help It Save Italy
* German Govt: Italy Must Make Savings, Reforms To Exit Crisis - Spiegel
* Italy Debt Guarantee Could Raise Doubts Over Germany's Finances - Spiegel
* German Govt: EFSF Should Only Help Small, Mid-Size Countries - Spiegel

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http://www.zerohedge.com/news/it-just-went-bad-far-far-worse-germany-says-italy-too-big-efsf-save-refuses-carry-euro-bailout-




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