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.
