European Salon de News, Discussion et Klatsch - 1 March | 102 comments (102 topical, editorial, 0 hidden)

Re: Eurobonds coming soon to a Eurosystem near you (4.00 / 2)

Isn't it all looking like a religious doctrine of transformation?

ECB bond purchases are morally transformed from evil to good, if cleansed by private sector involvement.

And so in this case, the extra layer of state claims is good, because it allows investors to recoup their losses from the Spanish government?

(Or as it is called elsewhere, collective punishment...)

by Metatone (metatone [a|t] gmail (dot) com) on Thu Mar 1st, 2012 at 09:57:42 AM EST
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Re: Eurobonds coming soon to a Eurosystem near you (none / 0)

Isn't it all looking like a religious doctrine of transformation?

Bullseye!

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Mar 1st, 2012 at 10:01:13 AM EST
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Re: Eurobonds coming soon to a Eurosystem near you (none / 1)

yes.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Carrie (migeru at eurotrib dot com) on Thu Mar 1st, 2012 at 11:22:44 AM EST
[ Parent ]

Re: Eurobonds coming soon to a Eurosystem near you (none / 1)

also

as early as 11 February 2010 our commentary on the crisis homed in on the fact that
What the ECB cannot do is fund a public debt issue, and that makes some sense from certain ideological perspectives.<bblockquote>Because by having passed through the bid-ask spread of a major investment bank, it is suddenly converted from a loan into a monetary instrument?
The last [many] months have been an exercise in teasing out the conequences of that ideological perspective.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Carrie (migeru at eurotrib dot com) on Thu Mar 1st, 2012 at 11:26:02 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 1 March | 102 comments (102 topical, 0 editorial, 0 hidden)