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"'The euro zone is a slow-motion train wreck,' Mr. Roubini said during a separate panel discussion."
Slow-wreck aficionados will note that this is better than a couple of months ago, when Europe was on the train-wreck fast track owing to the ECB's then-unwillingness to purchase Spanish and Italian bonds.*
Confused centipede attempts to mate with mealworm pupa

*It's not directly purchasing them now, but, according to Krugman at any rate, it's doing the functional equivalent, essentially laundering the purchases through banks.
Slow-wreck aficionados will note that this is better than a couple of months ago, when Europe was on the train-wreck fast track owing to the ECB's then-unwillingness to purchase Spanish and Italian bonds.*

*It's not directly purchasing them now, but, according to Krugman at any rate, it's doing the functional equivalent, essentially laundering the purchases through banks.
Speed Of Wreck Not Speed Of Engine?
Date: 2012-01-28 06:37 pm (UTC)