Sunday, December 04, 2011

And The "Paranoid" Fears Of Eurosceptics Are Realized


The Sunday Times also reported that the ECB is lining up €1 trillion to be used for a "colossal" intervention in European bond markets.

The cash injection will only be carried out if leaders can agree on handing over more fiscal control to the EU and for strict controls to be imposed on nations struggling to control their debts, the newspaper said.

Ah, central bank "independence"...