There was a news item on Zerohedge earlier today;
- GERMANY'S MERKEL SAYS EUROPE WILL NOT HAVE SHARED LIABILITY FOR DEBT AS LONG AS SHE LIVES
Various markets took a nosedive on that news but equity markets recovered shortly thereafter (15 points in 4 mins on the NASDAQ - as above)
Would you like to share your neighbours debts? I sure wouldn't.
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