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A Great Achievement in Central Banking (II) | 120 comments (120 topical, editorial, 0 hidden)
Re: A Great Achievement in Central Banking (II) (none / 1)
Posted this comment on FAZ, to Holger Stelzner's editorial, (comments here). It seems to be going through moderation.

Why is the Bundesbank allowed to buy German 10-year bonds directly (today's auction, 39% of the offering), in flagrant contradiction with Article 123 of the Treaty on the Functioning of the European Union? Direct purchase of government debt instruments by the ECB or national central banks is prohibited by that article. Is there one law for Germany and another for the rest of Europe?
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Nov 23rd, 2011 at 07:55:21 AM EST
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A Great Achievement in Central Banking (II) | 120 comments (120 topical, 0 editorial, 0 hidden)
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