With borrowing comes responsibility or so the story goes because this story gets more like a pantomime everyday. You can make your own mind up to which one and who plays certain characters but now we have a benefactor good olde ECB and what have they offered this Christmastide well money of course, well they are a bank. But not just any bank but the bank of last resort and what does the one in [drag-hi] do but buy up all the debt of other countries.
Now we should all be saying well done but instead we are saying he`s behind you and his name is not Abanazar, but something much worse the ” Ghost of Christmas Of Yet To Come ” namely a huge ” Debt Mountain ” but in the meantime people will still dress up and act out the pantomime until the very last act.
The it will be CURTAIN`S
Read the Article at HuffingtonPost
- Eurozone crisis live: Focus shifts to Italy ahead of bond auctions (guardian.co.uk)
- Is Anyone Answering the Phones at the ECB? (economistsview.typepad.com)