I don't know how the European sovereign debt and banking crisis will end. But I think I do know how the end will begin. It will begin with Germany saying no unequivocally.The latest maneuver to end the crisis was the announcement that Spain would borrow $125 billion to bail out its banks. The surprise is that anyone was surprised that this didn't work.
Source: http://www.realclearpolitics.com/articles/2012/06/15/germany_should_just_say_no_114498.html
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