by Graham Summers
So the world has woken up and realized what we’ve been pointing out for four years now… that Europe wasn’t fixed in 2012.
European Financials have fallen back to levels not seen since the Crisis was raging to the point that France and Germany floated the idea of imposing capital and border controls.
[…] The whole mess was “saved” based on a lie. Mario Draghi claimed he’d do “whatever it takes… and believe me it will be enough” and the markets took him at his word.