Re: The continuing battle against the inevitable Euro area default
You must be joking, I don't read either of those rags! I gets me left wing from the grauniad and me right wing from the economist...Originally Posted by Furunculus
gaelic cowboy is (as quite often in this thread) entirely correct - this will do nothing to solve the actual problem, but what it will do is provide a figleaf which will finally allow the ECB to step in.
With Merkozy having chastised the naughty children and laid down the 'rules' by which they must now all behave, they should now be free to print money with wild abandon without fear of moral hazard.
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