http://globaleconomicanalysis.blogspot.com/2011/06/time-for-plan-b-unfortunately-there-is.html
Those snips were all from the first page of a five page article. Inquiring minds may wish to give the link a closer look.
Lend-and-Pretend (Plan A) is clearly not working. Yet ECB president Jean-Claude Trichet insists it "must" work.
Why?
Because there is no Plan B, and more importantly Because Trichet insisted there be no Plan B. Such is the nature of stubborn, arrogant fools.
Those snips were all from the first page of a five page article. Inquiring minds may wish to give the link a closer look.
Lend-and-Pretend (Plan A) is clearly not working. Yet ECB president Jean-Claude Trichet insists it "must" work.
Why?
Because there is no Plan B, and more importantly Because Trichet insisted there be no Plan B. Such is the nature of stubborn, arrogant fools.
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