About that sovereign-bank link we said we’d break…
FT Alphaville » ESM 2013-08-01
Summary:
Wow. So it looks like the EU maybe won’t be breaking the sovereign/bank doom-loop after all!
The FT’s Peter Spiegel has seen a proposal from the European Commission that throws yet more doubt, if such a thing is even possible, on the seriousness of the June 29 eurozone statement that recognised “the imperative to break the vicious circle between banks and sovereigns”.
Continue reading: About that sovereign-bank link we said we’d break…