Wednesday, August 24, 2011

German President declares ECB Bond Purchases Illegal!

The German President, Christian Wulff, has followed the Bundesbank in declaring the purchase of debtor nations bonds by the European central Bank as against the EU Treaties, read here.

Well surely it could not be any clearer, nor confirmed by any higher political figure than that?

So will the ECB continue to purchase Spanish and Italian Bonds, which cost around €35 Billion in the past two weeks alone?

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Blogger Sue said...

What took him so bloody long?

6:19 PM  

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