Prepare for near global money printing.
Chancellor Angela Merkel said that Germany is ready to back the use of all existing euro-area instruments to help stabilize the 17-nation euro region, Bloomberg is reporting.
With the financial crisis raging, the German government is willing to deploy the tools at hand whenever needed to bolster the euro region, she told reporters today at a joint press conference with British Prime Minister David Cameron.
It never ceases to amaze how their plan is coming together despite democratic resistance by some.
ReplyDeleteremind me again, with "QE it infinity" when are interest rates going to rise?
ReplyDeleteNot anytime soon.
Craig
Merkel may not give in easy
ReplyDeletehttp://www.bloomberg.com/news/2012-06-07/obama-seeking-ally-on-euro-response-finds-merkel-a-tough-sell.html