When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, November 25, 2011

Pick Your Poison: ECB as lender of last resort

Pick Your Poison: Is it going to be ECB as lender of last resort or a case of coulda, shoulda, woulda?--

Dutch back ECB as 'last resort'
Financial Times
By Matt Steinglass in Amsterdam Jan Kees de Jager, the Dutch finance minister, endorsed a more active role for the European Central Bank “as a last resort” to contain the eurozone debt crisis ahead of a meeting in Berlin with his counterparts from ...
ECB cannot be lender of last resort: Gonzalez-Paramo
OXFORD, England (Reuters) - The ECB cannot be the lender of last resort for troubled euro zone states, one of its top policymakers said on Thursday, underscoring the bank's continued resistance to fierce pressure for it to take a more active role in ...

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects