Over recent months, major English-language media have being promoting a scenario concerning how the Eurozone might disintegrate.

It goes like this – it all starts with Eurozone sovereign debt being further and dangerously downgraded by rating agencies for countries such as Italy or Spain (and, God forbid, France) dragging down some big lenders (major Eurozone banks) that are exposed to these countries.

The banks then have to be saved by governments, in order to avoid a run. Late...

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