tag:blogger.com,1999:blog-3210378500200629631.post6391314183545864297..comments2023-11-06T00:09:38.672-08:00Comments on Mase: Economics and Finance: No Peace on European Sovereign DebtMase: Economics and Financehttp://www.blogger.com/profile/16730994070959040962noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3210378500200629631.post-38293554813427184042011-01-09T16:51:12.263-08:002011-01-09T16:51:12.263-08:00Simon Kennedy reported in Bloomberg on January 7, ...Simon Kennedy reported in Bloomberg on January 7, 2010: “Fears of a sovereign default are ‘manifest’ in Europe and will soon spread to Japan and the U.S. as governments struggle to control deficits, according to Citigroup Inc. economists led by former Bank of England policy maker Willem Buiter. ‘Despite the recent drama, we believe we have only seen the opening and second act, with the rest of the plot still evolving … There is absolutely no safe sovereign’<br /><br />It is true, there is no safe sovereign ... The sovereign debt crisis will only get worse ... And then out of Götterdämmerung, an investment flame out, a European Chancellor, will arise to establish order. <br /><br />This Sovereign will likely be a European Leader, who has credentials, such as that of having been awarded the Charlemagne Prize. Candidates inlude Herman van Rompuy, Angela Merkel or John Redwood or Tony Blair<br /><br />And a Banker, that is a Seignior, such as Wolfgang Schäuble, or Olli Rehn, or Jean-Claude Trichet, or Gordon Brown or Jose Manuel Barroso, or Giulio Tremonti or Jean-Claude Juncker will rise to provide credit.theyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.com