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"The euro area needs a buyer of last resort," writes the team at RBS. Nix the ESFS, which would...

"The euro area needs a buyer of last resort," writes the team at RBS. Nix the ESFS, which would need to be increased to a politically unacceptable €3T. Nix China which isn't going to commit that kind of dough. All that's left is the ECB, which so far has been reluctant to turn on the printing press, but might, if it gets political reform in exchange.
Comments (1)
  • User 487974
    , contributor
    Comments (1105) | Send Message
    No! What it needs is a good hard kick in the ass! The same goes for all its politicians! This is a bloody nightmare!


    Deleveraging, W.T.F. is so scary about this concept? You are going to meet it sooner or later, I say, put on your big boy pants and get on with it!


    The American people are screaming this at the top of their lungs! NO MORE SPENDING!


    Bernanke comes out today like a scared child and actually mutters there may be more help/stimulus if the economy stalls! What an a hole! Are you going to keep "Goosing" the markets forever?


    This debt, WORLDWIDE needs to be worked off, period! Austerity and growth don't play well together Jean Claude, even I can tell you that! The Euro zone dream has turned into a nightmare for its people, now if only someone would wake up their politicians!


    God help this wonderful little experiment in freedom we call the United States Of America.
    13 Jul 2011, 04:58 PM Reply Like
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