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Migeru:
In fact, the Bundesbank and the ECB are washing their hands here.

What evidence do you have for that?

As for the quote (which is a translation/paraphrase), it seems to me to separate bond purchases from "loan guarantees through KfW".

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Feb 13th, 2010 at 06:57:23 AM EST
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Didn't see DoDo's comment before posting. But evidence that the ECB is washing its hands, I'd still like to see some other than your assertions.
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Feb 13th, 2010 at 07:06:06 AM EST
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How about their own words?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Sat Feb 13th, 2010 at 07:09:16 AM EST
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