Tuesday, September 28, 2010

This man is risking your money!

The frontpage of German magazine Focus features a picture of ECB President Jean-Claude Trichet, with the headline: "This man is risking your money". The article argues that "the interest rate time-bomb is ticking: central banks endanger prosperity". The magazine wonders whether the ECB will become a "bad bank" itself, arguing that its ongoing low interest rates, junk bond purchases and aid to private banks harm savers and investors. (Thanks to Open Europe) See also our video post of last evening.



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