[quote=flu][quote=The-Shoveler]Looks like the ECB is not buying up the Spanish and Italian bonds,
Me thinks there is a game of chicken afoot to see if the U.S. federal reserve will step in and buy up the bonds.
ECB is not ECB enough (my speculation)
Or more practically they are coming around to the realization that the quicker they abandon the euro Idea the better off they will be, as there is no good way to make it work IMO.[/quote]
no worries.[/quote]
Here it comes, get ready to grab your ankles.
Activity across Europe today looks like it is softening up the Euro area for the Euro’s official demise. Italy’s borrowing costs are being drawn north by Spain’s, which today exceeded the psychologically important 7% barrier. But perhaps more importantly Angela Merkel has begun to show signs of wear and tear. Today she warned the political world that Germany probably can’t take much more and tried to turn the spotlight on the USA.
