German debts set to blow ‘like a grenade’-Pritchard
May 26, 2009 at 07:53 AM EDT
[Skip to the end] Completely agreed about the possibility of a bank blow up. And it’s also possible the government plan blows up the government. The eurozone is the region vulnerable to ratings downgrades- both banks and national governments. Not the UK and US governments where spending is not revenue constrained. The ECB can ’save’ the eurozone but [...]