Credit Suisse Explains "The Real Issue", And Why There Is Two Months Tops Until France Is in the Bulls Eye

From Zero Hedge:

"It’s all about Spain”, so now we are cutting to the chase. Recapitalization of the banks versus funding the sovereign is of course a semantic issue given the nature of the interplay. But it enables the attempted finesse we describe below. Given the market’s adaptive learning behaviour, we suspect that this finesse might last two [months]. The eventual denouement should be flagged by symptoms of the failure of  the credit of EFSF/ESM and/or France."

http://www.zerohedge.com/news/credit-suisse-explains-real-issue-and-why-there-two-months-tops-until-france-bulls-eye