Does anybody, anywhere have an answer to that legendz? I think that, in theory, the deal would take some of the sovereign debt burden from the state and put it back onto the banks. The problem is everything is so speculative: Finland and the Netherlands are unwilling to commit to the deal; Merkel (according to Drivetime on R1 yesterday) made a speech in parliament that suggested Germany would attach so many conditions to the deal that it would not be as attractive as people thought; and the 'markets' - the collective noun for a group of meddling, menacing, braindead, panicky a***holes - haven't yet had their usual meddling, menacing, braindead, panicky a***hole response.
Meantime, we live in hope.
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