Presumably Mario Draghi will lay out details of the ECB bond purchase plan tomorrow, but what...

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David Urban Comments (1036)
 
So true.
5 Sep 2012, 04:52 PM Reply Like

schatzl Comments (391)
 
" could be a German nightmare - the ECB financing governments who no longer feel the need to reform."

You don't say. Moral hazard is alive and kicking.
5 Sep 2012, 04:54 PM Reply Like

wyostocks Comments (5372)
 
This scenario assumes that the German government would sit idly by and do nothing.
Don't bet on that happening.
5 Sep 2012, 04:55 PM Reply Like

into dark shadows Comments (299)
 
Prepare to be severely disappointed!

Just as Americans are with the mistake we made in 2008!
5 Sep 2012, 05:15 PM Reply Like

Whitehawk Comments (2963)
 
Once again: If the ECB sells German Bunds to buy Spanish and Italian debt, it is an outright transfer of wealth.
5 Sep 2012, 05:25 PM Reply Like

wyostocks Comments (5372)
 
Ah yes, but remember socialists like the transfer of wealth.
Those evil rich must be stolen from.
5 Sep 2012, 05:29 PM Reply Like

untrusting investor Comments (9879)
 
Doubt if the ECB has much in the way of German bunds. What the ECB mostly has is weak EU country bonds that nobody else wants.
6 Sep 2012, 12:46 AM Reply Like

Bouchart Comments (384)
 
I expect little more than jawboning, like he did last time.
5 Sep 2012, 06:29 PM Reply Like

spald_fr Comments (2487)
 
Alchemy classes rise to new levels throughout the Mediterranean.
5 Sep 2012, 10:37 PM Reply Like

Daryl Montgomery Comments (189)
 
This is ridiculous. First of all, the bailout countries will need constant bond buying or their interest rates will soar to the stratosphere. So they will behave or else. Secondly, if there is no money printing, that money is coming out of someone's pocket. And that someone is the strong fiscal states in the EU. They will be paying with much higher interest rates. And this will damage their economies. Once they figures this out, I think that will be the end of Draghi's Plan B.
5 Sep 2012, 06:45 PM Reply Like

change is the only constant Comments (1376)
 
The ECB is trapped.
5 Sep 2012, 06:50 PM Reply Like

wyostocks Comments (5372)
 
only..............
No the ECB is F******ed.
5 Sep 2012, 10:40 PM Reply Like

divinecomedy Comments (431)
 
Kick the can while you can, but in the meanwhile don't forget to send commodities to the moon!!!
6 Sep 2012, 03:20 AM Reply Like

FTBT Comment (1)
 
European countries lying and not living up to arrangements all for a handout? I've never heard that before!
6 Sep 2012, 04:39 AM Reply Like

David Urban Comments (1036)
 
The can they have been kicking is not flattened against the ground.

This buys them a month or so before people stop believing it.

Welcome to Moral Hazard 101.
6 Sep 2012, 10:31 AM Reply Like