Finally, availability matters …
I wouldn’t normally write about this stuff but I just thought this was a very succinct description of what might happen if the euro implodes.
At least it’s far easier to understand than all the gobble-de-gook that one might get in the FT …
I have been convinced for the last 6 months or so that there is no way that Greece can survive without leaving a trail of horror and destruction in its wake – hasn’t there got to be some serious pain somewhere before this mess sorts itself out?
Sorry to point out that the glass might be half empty – it looks like the major banks are now of this opinion too. Of course,though, they don’t tell us. A bit like the non-disclosure that went on when FaceBook IPO’d.
So to cut to the chase, people are now listening. Why? Because this is about the availability of cash. Who said availability didn’t matter?
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