Presumably Mario Draghi will lay out details of the ECB bond purchase plan tomorrow, but what...
Wednesday, September 5, 2012, 4:47 PM ETPresumably Mario Draghi will lay out details of the ECB bond purchase plan tomorrow, but what will the bank do if EU states fail to live up to their pledges (like Greece)? Any threat to halt purchases (or even to sell) would carry little weight as the central bank would be too far in at that point. What follows could be a German nightmare - the ECB financing governments who no longer feel the need to reform.
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