A possible answer to the Eurozone financial crisis di Antonio Mansueto
After the many financial bubbles of the recent years, the Eurozone financial one seems to be "the last financial bubble explosion".
It attacks directly the heart of western financial system: the sovereign debt. If sovereign debt will have a more general trust crisis, the banks will no more have a parachute from the governments.
I agree completely that the Eurozone governments should quickly understand (after the "Greek lesson") that the heart of the problem is giving back, to the sovereign Eurozone debt, the "almost risk free" standing.
The situation is now so complicate that -I guess- it is very difficult finding a less loud point of attack to solve or reduce the danger of this crisis.