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What, you're telling me the ECB allowed the Eurozone banking sector to accumulate massive US$ liabilities without building up a reserve base of comparable size with which to act as a lender of last resort in US$?


Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Sep 15th, 2011 at 09:49:39 AM EST
[ Parent ]
that thread, but that conversation yesterday, put some things into perspective for me.

Wind power
by Jerome a Paris (etg@eurotrib.com) on Thu Sep 15th, 2011 at 09:50:34 AM EST
[ Parent ]

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