Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
is no longer providing the transatlantic capital flows our economies need. And the guvvermint bankers are stepping in to do the job for them.

Do I see a parallel with the ECB bank liquidity provision mechanim?

i.e. we blithely socialise the risks of lending when the private sector becomes risk-shy.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Thu Sep 15th, 2011 at 12:30:53 PM EST
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Otherwise inflation will rise, unemployment will rise, disposable income will drop, consumer spending will crash.

Oh, wait...

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Sep 15th, 2011 at 02:18:16 PM EST
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