Pumping dollars into Europe may bolster confidence for a bit, but will fizzle unless...

|By:, SA News Editor

Pumping dollars into Europe may bolster confidence for a bit, but will fizzle unless Europe’s policymakers and the ECB act more forcefully to shore up the eurozone’s overly indebted governments, FT writes. Felix Salmon concurs: “ECB’s status as lender of last resort is much more dubious... so it needs to come out and actually do these things if the market’s going to believe that they’re real."

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