Italy Collapse Would Be The 'End Of The Euro' -- Euronews
France and Germany have warned that a blow-out in Italy's giant debt mountain would signal "the end of the euro."
Italy had to pay record rates to raise €10bn this morning, while France and Germany warn that a blow-out in its giant debt mountain would signal "the end of the euro."
Meanwhile, EU Economic and Monetary Affairs Commissioner Olli Rehn has upped the pressure on Italian Prime Minister Mario Monti's new government, calling for "an ambitious timeline" on economic reforms.
"Italy is faced with formidable challenges," Mr Rehn told Italian lawmakers during a visit to Rome.
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My Comment: When you read stories like this, this, this, and this .... you will then quickly realize that the markets have already factored in a Euro collapse. What we are now witnessing is just show .... followed by excuses and a wonderment on why did things go so wrong.
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