Thinking out loud...

Given the unconfirmed rumour of a 80 bln € bailout next week for Ireland I think that there's much more going on behind the politic curtains! The € currency gets more and more to a 100% political currency where every rule gets broken (by politicians and Central bankers) in short time! I'm convinced that a €-joint bond will come in not too distant future. Additionally the EU will mutate into a transfer union. As a sidenote: In Germany we have a "Laenderfinanzausgleich" which means "Federal state equalization fund" where the "rich" states transfer money to the "poor" ones....Exactly this will happen in Euroland soon! By the way: From 16 states in Germany 13 of them receive money from the 3 wealthy ones.... Does not look too bullish in the long term for Bunds and the €-currency... Feedback welcome!