sábado, septiembre 03, 2011

PORQUE un torniquete por desgracia sólo es una medida de emergencia, pero no cura nada:

The ECB's purchases treat a symptom of the euro-zone crisis, not the cause. They can't address investors' concerns about the ability of governments to rein in budget deficits and start to bring debt burdens down. In fact, the ECB's purchases allow risk-averse investors to sell out of Italian and Spanish government bonds and buy safer debt such as German bunds.