The ECB's Fix Won't Be Good Enough
Who is Mario Draghi trying to save with these half measures? He sure isn't going to help save the sovereigns. They are high and dry. He can be helping the banks, short term, but without help on the sovereign front, I just don't know how all of the banks can make it.
Maybe, just maybe, he is helping the European Central Bank and nothing more? Frankly, I don't see where that gets you. To me, he is fighting a raging fire with a bucket. The market seems to agree....159 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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