Only a matter of a few weeks before the focus moves east of Spain to Italy. There is no fiscal powder remaining in all of Europe to fend off this collapse.
Tom, while I agree the situation is dire, the depth of response is unknown. If they implement global coordinate stimulus/easing etc, any outcome is possible.
Presented without comments.
Only a matter of a few weeks before the focus moves east of Spain to Italy. There is no fiscal powder remaining in all of Europe to fend off this collapse.
Tom, while I agree the situation is dire, the depth of response is unknown. If they implement global coordinate stimulus/easing etc, any outcome is possible.