No argument there. I think the technocrats win again this time because the economic squabbles and differences between the member states will be labeled ‘nationalism’ and that is Europe’s biggest fear, especially when we’re talking about Germany. This is how the European Union and it’s banks shear it’s sheeple. They will once again be able to hide the ball in this shell game, at least for a little while.
Saw a video of Art Cashin explaining that if Greece has a bank holiday, money will also leave Italy and Spain. The run on the banks of PIIGS will be almost immediate.