Pragmatic ECB Squares the Circle – Whatever it Takes

The one thing worse than a fire in a building is a fire in a building when emergency exits are bolted shut: a panic in the market is exacerbated when liquidity dries up. It appears the European Central Bank (ECB) embraces this view: in today’s press conference by ECB head Trichet, he re-iterated a . . . → Full Story: Pragmatic ECB Squares the Circle – Whatever it Takes