Though they mightwince atourheadline, The Mariscals were glad to sit down withthiswriterrecently to enumeratesomeof the ins and outsof what can be a very tricky business.
And, although the stability of the financial system is not to be taken lightly, it would be odd to pick on buy-outs as the chief systemic risk, instead of looking at the complexity of the system as a whole.
Still, two things seem certain: the process will take a long time and the next government will be even more reluctant than its predecessor to support big euro-zone bail-outs paid for by fiscal austerity at home.