The Euro Is Not Unassailable, Even With The ECB’s Bond Buying
September 06, 2012 at 06:08 AM EDT
There appears to be an emerging consensus that the euro will survive, especially now that Mario Draghi has apparently grasped the nettle and persuaded his colleagues that the ECB is prepared to initiate unlimited purchases of national government bonds in order to underwrite their solvency. Of course, as usual with the ECB, there’s a sting [...]