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Sunday, Nov 20
2011, 6:35 PM
With the expansion of the EFSF - the idea that levitated markets throughout October culminating...
With the expansion of the EFSF - the idea that levitated markets throughout October culminating in Oct. 27th's moonshot - already looking dead, the EC leaks the next bazooka: A proposal for joint issuance of bonds among member nations. This one may not have any legs as Germans are vehemently opposed to going joint and severally liable with their spendthrift neighbors, and their constitutional court seems to have put the kibosh on the idea 2 months ago.