In this morning’s comments, Robert Peston of the BBC states “But if the entire eurozone fractured completely, it is difficult to see how that distribution of losses could take place. In practice, the Bundesbank would surely have to take the entire hit ”
On Friday we said, “Germany knows that almost all of the risks of this move will some day land at their door.”
In summary, if you want to stay ahead of the game, read the Oak Blog!