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Any idea about the feasibility of MIgeru's suggestion? Is it possible for Spain to issue  debt , arrange that the spanish banks buy this debt and then somehow the ECB buys it?

How would it be done? How would someone use the window discount of the ECB for banks to make this deal? Or would some kind of guarantee be enough?

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Apr 28th, 2010 at 12:49:42 PM EST

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