An Italian Regulator's Risk-Sharing Plan To "Cure The Eurozone"
Authored by Mike Shedlock via www.themaven.net/mishtalk,
Marcello Minenna, a division head at the Italian securities regulator, emailed his plan to "Cure the Eurozone".
Marcello Minenna, the head of Quantitative Analysis and Financial Innovation at Consob, the Italian securities regulator, pinged me recently with his plan to save the Eurozone.
The plan requires debt guarantees with a catch: The catch is the guarantees have a price: The riskiest countries have to pony up the most for debt insurance.