Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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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