This is not a government finance crisis, writes Ambrose Evans-Pritchard, but a monetary crisis...

|By:, SA News Editor

This is not a government finance crisis, writes Ambrose Evans-Pritchard, but a monetary crisis caused by an ECB that choked off recovery by hiking rates this year and now refuses to step in and arrest a shrinking money supply. Solving a monetary crisis doesn't require austerity or eurobonds or anything else other than the ECB doing its job and printing euros, lots of them.