Shades of Maggie #poll #tax #riots


German Logo of the ECB.

German Logo of the ECB. (Photo credit: Wikipedia)

Tuesday 26th June 2012, another momentous day in the Eurozone, as Spain draws ever nearer to a full bailout. This of course will be followed soon after by Italy.

The ECB has stated that Cypriot government bonds are no longer acceptable as collateral (worthless?) and to cap the day Frau Merkel said that Europe will NOT have a shared liability for debt as long as she lives.

Interesting comment…………. common sense, exactly how long is, “as long as she lives?”

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