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The ECB recognizes it is no longer "properly in control of monetary conditions across the...

The 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.
Comments (4)
  • The EU is a failed experiment, and the central bank model needs to be broken.
    2 Aug 2012, 05:00 PM Reply Like
  • The ECB "fix" requires political action that will not be forthcoming. As for Mr.. King, he is talking his book and hopes for another "patch". No thanks. He is disingenuous at very best and a scoundrel at worst. Let it go as a bad bet which was never serious.
    2 Aug 2012, 05:09 PM Reply Like
  • let the german go from the Euro,and return to their Deutsche mark
    This is the best Solution for Europe, a devaluation of the Eur vis a vis
    an overvalued German mark will revive all European economies
    3 Aug 2012, 02:24 AM Reply Like
  • so the ECB is on the case and is going to regain control of "monetary conditions" in the eurozone

     

    that's great, too bad europe's problem is solvency not "monetary conditions"
    3 Aug 2012, 02:05 PM Reply Like
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