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He meant to say that by doing what the ECB orders he still counts on the ECB to treat spanish debt as European debt.. and expects the ECB to buy as much debt as needed to keep interest rates below 5.5% for the 10 year-bonds.

Of course, if Trichet one morning has not been treated properly in his super-ego he can send Spain the way he is sending Greece.. and finish off the euro.. well finishing Spain, because I am not sure the Spanish politicians will have the courage to send France and Germany right-wing nuts to hell and break with the euro.

A pleaure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Fri May 20th, 2011 at 11:43:20 AM EST
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