In the News: Reuters

Reuters quotes portfolio manager Axel Merk: "Spain's central government is expected to bail out its regions - and in return may ask for a bailout itself"

'Spain's central government is expected to bail out its regions - and in return may ask for a bailout itself,' ... 'As long as debt is merely shuffled around, the euro zone crisis won't be solved. And as long as ever more guarantees are provided - from regional to national governments, from supranational issuers such as the European Stability Mechanism (ESM) to the International Monetary Fund, the more the global financial system as a whole may be at risk.'…"