We pick up this morning where we left off last night…the Banco de España and the Banco Central Europeo duking it out through their respective mouthpieces in the mainstream media. It reminds me of another famous dueling scene from one of America’s greatest movies (obligatory clip below.)
From the WSJ, reports that the EU is advocating a cross-border banking union to back stop those financial institutions which are: (1) in danger of failing, and (2) those whose host (as in a parasite’s target, not a provider of hospitality) country has already been sucked dry.
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