It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden

Now that Germany and the Euro Central Bank are balking on further Euro bailouts, so does China.  "No, please, after you...really, you first--I insist..." 

http://www.zerohedge.com/news/it-just-went-bad-far-far-worse-germany-says-italy-too-big-efsf-save-refuses-carry-euro-bailout-

I've always thought the Euro was doomed, for many reasons.  But the writing is on the wall now.  While Germany hesitated initially in bailing out Greece and the "peripheral" countries, they eventually succumbed after preconditions of austerity were negotiated.  They're definitely saying "No!" to bailing out Italy and Spain, which have far bigger economies than Greece or Ireland.

Markets should be interesting on Monday to say the least.