Come to think of it, notice how quiet it's gone on all European debt?
Yet they're still bankrupt and the European bank is still busy printing money.
And they're still busy printing that money to buy........err... their own debt.
I love it.
They lend money to Greece which is bankrupt and has massive debts it can't pay, from the central European bank (basically the bank Europe banks with).
The Greeks then default on repayment, so the central bank prints more money and gives them more.
And now the central bank has just got the go ahead to buy more of its own debt, by way of buying more European government bonds.
If only we could square the circle by buying our own debt, with debt.
There's only two reasons why this house of cards hasn't collapsed yet.
They (the European and political elite) are absolutely desperate to prevent the 'Euro' from failure at all costs; no expense will be spared, be it democratic or economic, they simply cannot and will not let this fail.
There's only one other thing that's sparing them; the money markets are being very kind to them.
And I think they're giving them more than a very easy ride, for some unknown and bizarre reason.
Actually that's more unknown than bizarre, because someone or something, somewhere, somehow is being leant on not to make a run on the European central bank.
Think about it, draw your own conclusions.
But mark my words.