Loading ...Doveish from ECB….euro tanks…..but despite doveish statement PM’s sell off….the Rig rules…as I said why bother with meeting statement…..as the mkt move will be standard scum .
ECB is a sick joke….Merkel has allowed Draghi to make a farce of ALL the Rules and Regs the Bundesbank insisted be in place, before they signed up to the Euro. Bubba new damn well what would happen if the Pols took over and even worse an Italian was ECB President and even worse than that one from GS.
Search up Target 2…..those are the liabilities that the Euro members have to the ECB…so in effect to Germany, as no-one else has any credibility inside the ECB.
Professor Sinn has been on the case for ages, here is and article from 2013.
http://www.acting-man.com/?p=27130
Since then Merkel has ignored all the warnings…..the woman will be remembered as the worst Chancellor in History, as she has ruined society with her immigration policy and bankrupted the country.
The latest Target 2 No’s and more on how Germany will be bankrupt, if/when a PIGS goes tits up !!!!!
It is not just prestige/symbolic that Catalonia cannot be allowed to break up Spain and why Brussells is shitting itself over the possibility/certainty that the 5 Star movement will win next years Italian elections and leave the Zero !!!!!