Aug
17

Europeans in Denial

Euro leaders continue to deny the debt crisis they face. Rather than boosting the size of the Euro Stability Fund, which would give investors in Italian and Spanish bonds confidence, they ban short selling for a few weeks, get the ECB to buy 96 billion of Euro-zone debt, and talk about each country passing a balanced budget amendment! The only question; which of these 3 dreadful ideas is the worst.

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