Brexit

[noel]

Noel.

With respect, from your comment.I don't think you understand crazy ECB and Euro bank collateral rules, or how EU treasury debt is financed.

You're right.

This is a Eurozone structural issue.

Agreed. My point was it's not an inherent failing of the EU. It's arguably a failing in how they handled a difficult situation.

The bankrupt Italian state and bankrupt Italian banks are intimately entwined and trapped in a doom loop. We really are on a knife edge.

Bankrupt? History will be the judge: Is this the straw that breaks the camel's back, or will the camel struggle through.

Anyway. You're right: it's much better to be out running. See you next time you're injured.