Euro Fun

Draghi Hints at Government Bond Buys –

The real headline of this article should be “ECB Decides to Take no Further Action.”  There are the usual rumblings from unnamed sources that the ECB is considering this, that and the other thing, but ultimately nothing is happening.

More telling is that ” German, French, and Italian prime ministers also pledged in recent days their commitment to the euro.” Did anyone notice that the Spanish Prime Minister is conspicuously absent from these recent pledges? The Spanish are currently Greekmailing the other euros by using the threat of a default to extract better terms for their bailout.


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