The ECB recognizes it is no longer "properly in control of monetary conditions across the...
Thursday, August 2, 2012, 4:52 PM ETThe ECB recognizes it is no longer "properly in control of monetary conditions across the eurozone," writes HSBC's Stephen King in an outstanding piece deserving to be the day's final word on the subject. The good news is the bank is now busily working on ways to fix this. Investors may want to rethink today's gloomy response to such, even if improved monetary conditions are no panacea.
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