Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I think he is saying the Union cannot intervene.

Otherwise he is saying that the Eurozone members and/or the ECB can.

As for Quatremer, see his question.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Feb 12th, 2010 at 02:52:31 PM EST
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