Europe’s Milton Friedman moment is now upon us. Deutsche Bank’s price to insure against default is skyrocketing today. DB is one of the world’s 30 most systemically important banks (G-SIFIs). Here’s the problem for the Euro itself: Germany’s three largest banks ALREADY HAVE 97%… pic.twitter.com/kQdOyOVuEd

— 🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass) March 24, 2023