Charlie Bottle

Big Troubles for the Euro

David,

Good article, altough I would disagree that there is no lender of last resort - the ECB has been playing that role providing liquidity for European banks - however agree that they are much more constrained in pursuign agressive out of the box solutions such as the Fed has had to pursue in the States (and rightly so in my opinion).

It seems we reached a similar conslusion at he same time. Check out my article earlier today:

seekingalpha.com/artic...