Saturday, May 29, 2010

French Plot?

Did the French pressure the ECB to buy Greek debt? Some Germans are claiming that they did. But since when has the ECB been a lackey of the French? If there was French pressure, and the ECB responded to it, might there not have been a systemic threat warranting such a response? In any case, here is one more source of international tension growing out of the Greek debt situation.

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