AND NOW: In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt

This will “surely” end well.

In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt:

In a watershed event for the European – and global – bond markets, Brussels is pressing for sovereign debt from across the eurozone to be “bundled into a new financial instrument and sold to investors as part of a proposal to strengthen the single currency area.”  Call it securitized sovereign debt.

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2 thoughts on “AND NOW: In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt

  1. A new “Sub-Prime” Investment Package.

    I guess if they sugar coat it enough, and hide all the toxicity, even the latest bunch of greedy Banksters will be conned into putting our deposits in there for exponential returns.

    You can’t make it up.

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