European banks - shoes hanging by a lace...

highyieldblog.com/2009/05/eu … banks.html

The two-Brians strategy becomes clearer. Kick the can down the road and wait for everyone else to blow up. We won’t look so bad then…

And John Mauldin’s full note:
ritholtz.com/blog/2009/05/th … -deficits/

Thanks for that. Interesting read

All going according to plan then :nin

I hate that last sentence, I really do. Herr Weber begins to look a lonely figure with his finger in the dyke. (Still, if the dyke is Frau Merkel, that should give him some traction… :angry: ).

Why do you hate that? It may let us (as a nation) recover somewhat faster than expected. You have worked out the plan for your cash if inflation happens?

When I say may. I mean may, as I imagine most borrowers are unhedged and wont pay to be hedged.