EU FinMins Admit Real Concern, Will Do 'Whatever It Takes' To Avoid Market Unease

Submitted by Tyler Durden on 06/27/2015 14:58 -0400

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It is clear from the EU Finance Ministers' template-like comments to the press what the real worry is in Europe (and the world). It's not The Greeks (Schaeuble: "No other decision was possible, no problem with Greek referendum... need to see what happens next"), it's something else:

• *SCHAEUBLE SAYS DOING EVERYTHING POSSIBLE TO AVERT MARKET UNEASE
• *PADOAN: INSTRUMENTS IN PLACE TO COUNTER POSSIBLE CONTAGION
• *DIJSSELBLOEM: OUR INSTITUTIONS ARE PREPARED TO TAKE ANY ACTION
• *STUBB: "I DO NOT SEE A RISK OF CONTAGION"
• *SCHAEUBLE SAYS WE'LL DO EVERYTHING TO FIGHT CONTAGION THREAT
• *PADOAN: IF INSTABILITY, ECB HAS INSTRUMENTS TO INTERVENE

And then there's this utter rubbish:  

• ITALY'S PADOAN: "EURO AREA IS VERY STRONG."
• SCHAEUBLE SAYS EURO ZONE IS STABLE, REMAINS STABLE

But then they spew this...

• *PADOAN: "AT THIS POINT WE HAVE A CRISIS SITUATION''
• *SCHAEUBLE SAYS GREEK DECISION WILL RESULT IN DAYS OF UNQUIET

What a farce!

*  *  *

Save The Markets, screw The Greeks; save The Bankers, screw Democracy.

*  * *

Over to you Draghi...

Unleash the bond-buying... let's just hope that Buba plays along.

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