Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The "lending" should have come directly from the ECB, making the question of whether and when Germany should lend irrelevant. But nobody's talking about this.

When there is a run on a bank, the Central Bank may decide to intervene. When there is a run on a country, the Central Bank may not?

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Sun May 9th, 2010 at 05:38:34 PM EST
[ Parent ]
Greece must be destroyed in order to rebuild it to fulfill our plan of a world of trade surpluses.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Sun May 9th, 2010 at 05:50:54 PM EST
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We have always been at war against Undue Regul... A few bad appl...Greek profligacy.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Sun May 9th, 2010 at 10:37:17 PM EST
[ Parent ]


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