It Would be Funny if it weren’t so Scary
This from BI about whether Italy may exit the Eurozone
Eurozone Impossible Politics: The Bundesbank said there should be no banking union until there is a fiscal union. Angela Merkel said that there should be no fiscal union until there is political union. And François Hollande said that there should be no political union until there is a banking union.
Translation: There re some issues here.