Europe Launches Major Bond Buying to Avert Crisis
Published: Monday, 8 Aug 2011 | 11:07 AM ET
The European Central Bank intervened dramatically in bond markets on Monday, backing up a verbal pledge to support Spain and Italy with action in an attempt to avert a financial meltdown in the euro zone.
This is what heppens when the private debt gets converted into public one.... Now we wait for the currency crisis....
No comments:
Post a Comment