A little insight into why the Eurobank problem is so hard to solve.

The Telegraph

I’ll admit that the UK Telegraph is sort of the European version of our National Enquirer.  But has anybody noticed that the National Enquirer has broken a bunch of stories before the main stream media?  At any rate, let’s ignore the source’s drawbacks and focus on the quotes in the article.  I think they are very telling and provide an insight into why the Eurobank crisis has caused so much disruption in the global markets.