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...usually Central Banks can sell bonds short into the bond market, but peculiarly the Bundesbank sells from actual bond stock...

This seems consistent with a view that insists on recreating the essential limitations of a gold standard in a de facto and de jure fiat currency system. Perhaps the problem is that the Euro is only theoretically a fiat currency.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Nov 23rd, 2011 at 02:56:23 PM EST
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