Some headlines coming across DJ tape quoting sources, “EU Bank regulator seeks to use EFSF for bank debt guarantees,” This seems to be in addition to sovereign debt. “Guarantees would provide 1-3 year term funding.” The US Gov’t did the same thing in ’08-’09. “Debt guarantee idea faces opposition from national governments.” Not a surprise with so many cooks in this kitchen.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.