Tom: Balloon mortgage.
Although too little too late at least they’re trying to catch the people responsible on their end:http://news.businessweek.com/article.asp?documentKey=1377-a0parvUr.O4Y-72PIA3M1RDE9901K0687JIM0KN
They’re also trying to force their banks to raise money for the impending danger that they started, but I doubt that it will be enough.
The EU won’t collapse, but the Eurozone may be a casualty of EU inability to protect the Euro.
It might be better for all parties in the long run, but the short run will be ugly.
Beware the hollow finger of fate?
April 12, 2017