Interesting interview with British MEP, Paul Nuttal. He worries about political instability spreading in the Eurozone and raises the notion of a harder euro for the northern countries.
We believe the best case, at the end of the day, is that the north leaves for a harder euro and the southern countries remain with all debt denominated in the old and softer euro. This will take a toll on bank balance sheets in Germany and the harder euro countries, however, so time and strong leadership are absolute prerequisites.
(click here if video is not observable)
