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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (672764)9/10/2012 6:51:51 PM
From: tejek  Read Replies (2) of 1578122
 
Get caught up.........read this article. Merkel finally capitulated even as the Germans are screaming bloody murder. The ECB is becoming the Euro's Federal Reserve and Draghi will be as powerful or more powerful than Bernanke.
This isn't going to solve anything. All they're doing is giving the ECB unprecedented power in terms of printing money, but the fundamental problems with regard to Greece, Spain, Italy, and other Euro nations on the brink will remain.

True. The next step will be to dial back on all this austerity nonsense.

But I do see a lesson here. Never underestimate the power of denial.

Whose denial?
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