Let's get this straight. Greece, Portugal and Italy borrow more than they can afford. Germany pays the bills and it's Germany's fault? Is that right?

the winner is again... Endure!

Given a choice of the two, I'd rather have the Germans running the show than the Chinese. At least things wouldn't break down all the time.

NY Times

Well bankers created it and will probably profit from it in the end. I somehow doubt the Germans can plug up the hole. Whereas some S European states were eager for cash I suspect some of their northern counterparts were just as eager for power. I have a feeling the spender and the organiser/boss will lose out, and the paymaster ultimately win.

Given a choice of the two, I'd rather have the Germans running the show than the Chinese. At least things wouldn't break down all the time.

Only the things the Chinese sell break down all the time (so that they can sell more), not the things they make for themselves (they just create pollution).

NY Times

Well bankers created it and will probably profit from it in the end. I somehow doubt the Germans can plug up the hole. Whereas some S European states were eager for cash I suspect some of their northern counterparts were just as eager for power. I have a feeling the spender and the organiser/boss will lose out, and the paymaster ultimately win.

from what it looks like there will be only losers.

NY Times

Well bankers created it and will probably profit from it in the end. I somehow doubt the Germans can plug up the hole. Whereas some S European states were eager for cash I suspect some of their northern counterparts were just as eager for power. I have a feeling the spender and the organiser/boss will lose out, and the paymaster ultimately win.

from what it looks like there will be only losers.

Somehow I doubt that there will only be losers, the big boys at JP Morgan, Goldman Sachs etc know exactly how the cards are stacked. See this article (especially like the Lego man diagram!).

Note he says Euro skepticism is rewarded at every turn

Reuters blog

NY Times

Well bankers created it and will probably profit from it in the end. I somehow doubt the Germans can plug up the hole. Whereas some S European states were eager for cash I suspect some of their northern counterparts were just as eager for power. I have a feeling the spender and the organiser/boss will lose out, and the paymaster ultimately win.

from what it looks like there will be only losers.

Somehow I doubt that there will only be losers, the big boys at JP Morgan, Goldman Sachs etc know exactly how the cards are stacked. See this article (especially like the Lego man diagram!).

Note he says Euro skepticism is rewarded at every turn

Reuters blog

with "losers" i meant of course the citizens of EU states whether their states are on the paying or receiving side and last not least of all us if the EU debt problem does not get solved.

that a number of banksters will be winners goes without saying.

slightly off topic but quite interesting "PIIGS interest rates before and after":

slightly off topic but quite interesting "PIIGS interest rates before and after":

Looks like a Chinese smiley face. I guess they are smiling afterall.