Saturday, 1 September 2012

The ECB cannot save Spain

Madrid's persistent pressure for the European Central Bank (ECB) to monetise part of its debt is necessarily a self-defeating strategy. Once the Spanish government recognises that it is unable to restore the credibility of its liabilities and that the sole … Continue reading

Source: http://www.pension-release-uk.info/the-ecb-cannot-save-spain-2/

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