10 May 2010

EU Finally Moves on Structural Problems

The EU has set up a rescue fund to avoid situations like Greece in the future, to the tune of nearly a trillion dollars, and the ECB has agreed to purchase sovereign debt, basically printing money, in order to provide stability in the markets.

I'm beginning to think that everyone in the EU is beginning to realize that the way to do things is to hear what the Germans want, and then do something else.

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