Tuesday, May 18, 2010

What Is the ECB Up To?

No good, according to some: buying Greek debt but selling other debt to keep the money supply constant and putting pressure on short-term lending in the process. A sure way to drive up unemployment.

2 comments:

RoG said...

A lot of us are worried about the English Cricket Board's appalling mismanagement of the game, despite England winning the Twenty20 World Cup on Sunday. Hearing that they're buying up Greek debt just takes the biscuit!

brent said...

I take it, RoG, that yours is the sort of New Tory voice we'll be hearing a lot from in coming months?