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But the ECB isn't the problem, right now. Draghi has with his bluff kicked the can down the road a few months more.

The problem is the fiscal policies pursued by the national governments.

by IM on Wed Feb 13th, 2013 at 04:51:24 AM EST
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For those national governments under Troika administration, that comes to the same thing.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Feb 13th, 2013 at 02:10:35 PM EST
[ Parent ]
On which see Speech by Mario Draghi, President of the ECB (Meeting with Members of Parliament, Madrid, 12 February 2013)

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Wed Feb 13th, 2013 at 03:10:45 PM EST
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