Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Inflation-indexed bonds count as bonds in foreign currency and there's no reason for the government to issue them or the central bank to discount them. Do the math.

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 Carrie (migeru at eurotrib dot com) on Sat Jan 21st, 2012 at 05:00:43 AM EST
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