|Pool photo by Jan-Paul Pelissier|
Many economists continue to believe that ultimately the E.C.B. will have to intervene more aggressively in bond markets, to prevent borrowing costs for
and other countries from becoming so high that they are unable to refinance their debt. Italy
“We do not rule out that the E.C.B. changes its policy in the coming months,” Jörg Krämer, the chief economist at Commerzbank, wrote in a note. “But we probably need an emergency situation to cause the E.C.B. to aggressively step up its purchases.” For example, the E.C.B. might act ifThe leaders are playing political game, out of mind out of sight kind of game I think. I am not sure who play who but definitely political that is why. Mrs Merkel painfully aware her people’s opinion and Mr Sarkozy painfully aware his coming election… all too painful...scary scary brinkmanship …but end of the day they have to do right thing, as Aristotle said “The whole is greater than the sum of its parts.”
were unable to sell new bonds next year, Mr. Krämer said. Italy
Bit of listening this to get away this craziness, a mountain where cloudy sings its song to the sky, and the reposed sky his face to his earth, remember we make the beauty!
P.S. I think we should not say to bad thing about the European leaders are being politicians and playing on political game, of course their actions should be political as politicians. We need their political skill to solving this scary mess. Unbelievable how the leaders can not see the possible
clemency calamity effect on the world economy. So for example we need to Mrs Merkel is using her politician charm to her hard-working, hard-saving, well-discipline German people that they have to bit of share their hard savings to hard-spending hard-holidaying Greek friends. Sometimes knowing is sin and agony, not knowing is much better least that way you are not have to agonized what is so terriblely wrong that is not only unethical but also impractical but a sheer of craziness.