Year of the Crisis Summit - The Globe and Mail
-Hedge funds, led by Kyle Bass of Texas, launch a mass, co-ordinated short sale of euro-zone debt after the shocking discovery that the pope is German and the European central banker is Italian.
- Ms. Merkel, declaring the end of the Year of the Crisis Summit, is forced to declare 2012 the Year of the Crisis Summit (II) when finance ministers argue convincingly that the summits are the euro zone’s main form of fiscal stimulus.
