Head of the EFSF says there is zero danger of a breakup of the Euro

When the head of the EFSF says there is zero danger of the Euro breaking up, all bets are off. 

I would think that at least right now the risk is low.  But, nothing makes me more suspicious than an official denial.  The list of officials denying risk, when it is actually imminent, is long.   Via Reuters:

"There is zero danger," Klaus Regling, chief of the European Financial Stability Facility (EFSF), told German daily Bild when asked if the euro zone could break up.

"Of course the situation is serious," he added, when asked about comments by German Chancellor Angela Merkel, who has said the euro is in an "exceptionally serious" situation.


Klaus Regling:  Chief Bailout Officer
List of European Financial Stability Fund Commitments
EFSF website
WSJ: The incredible shrinking EFSF

Just to refresh your memory
Barney Frank just a couple of weeks before Fannie and Freddie went insolvent saying that there is no risk of them going bankrupt. 

Ben Bernanke says there is no probability of a nationwide housing crisis and little chance of recession. 


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