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koganbot"'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.
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no subject
Date: 2012-02-01 01:38 pm (UTC)