23 July 2012 CNBC
"ESM, Quantitative Easing... They can't cut policy rates any further. Do they deal with contagion risk?"
[What can the ECB do beside full blown QE?]
"The SMP have been buying Greek paper but it doesn't really work. It's just an exit route for many investors [Very nice] Market wants something much more sizeable. But Draghi wants politicians to do xyz".
[Is Spain and Italy too big to bail?]
"The ECB could use its balance sheet...."
What happens to Spain & Italy
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24 July 2012
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23 July 2012 CNBC
"ESM, Quantitative Easing... They can't cut policy rates any further. Do they deal with contagion risk?"
[What can the ECB do beside full blown QE?]
"The SMP have been buying Greek paper but it doesn't really work. It's just an exit route for many investors...
"ESM, Quantitative Easing... They can't cut policy rates any further. Do they deal with contagion risk?"
[What can the ECB do beside full blown QE?]
"The SMP have been buying Greek paper but it doesn't really work. It's just an exit route for many investors...