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Is Europe Coming Apart Faster Than Anticipated?

By Implode-Explode Heavy Industries

``the European Financial Stability Fund (EFSF) needs a unanimous vote to be activated to save Ireland, or anyone else. If (and that?s a big if) the Irish finally tap this funding source, undoubtedly the EFSF would pay up?but in order to get that unanimity, a lot of political favors would have to be doled out to recalcitrant members... [But] All these efforts to save all these small countries?Greece, Ireland, Portugal, the Baltics, Iceland?is leaving the European political leadership exhausted, not to mention leaving them out of bullets, as it were.''

Full post as published by Mortgage Lender Implode-o-Meter on November 16, 2010 (boomark / email).