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This is 2011, not 2008. After the EFSF it's become clear nobody in their rightmind is going to touch an off-balance-sheet government "vehicle" with a 10-foot pole.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Mon Dec 19th, 2011 at 09:33:50 AM EST
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There are people involved who are in their right mind? Can we put them in charge?
by Colman (colman at eurotrib.com) on Mon Dec 19th, 2011 at 09:51:43 AM EST
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Maybe. No.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Mon Dec 19th, 2011 at 09:55:22 AM EST
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