It's not over, till it's over

Euro crisis fatigue has set-in in a big way. By now most people respond to articles about the possibility of a Euro break up with a spontaneous yawn. But where it matters the story is not dead. From the Wall Street Journal:

'German automaker Daimler AG Tuesday issued bonds through its Italian subsidiary Mercedes-Benz Financial Services Italia SpA with a clause in the terms and conditions that lays out what would happen to bondholders should either country leave the euro.

Here’s the small print: “All payments under the Guarantee will be made subject to applicable fiscal and other laws and regulations and in the freely negotiable and convertible currency which on the due date of the respective payment is the legal currency in Italy.”'