EU Daily | Europe’s Bank Signals It May Raise Interest Rates to Tamp Down Inflation
March 04, 2011 at 08:08 AM EST
So the ECB, which is funding the entire euro zone banking system, and for all practical purposes backstopping the funding of the national govts as well to keep their funding costs manageable as they struggle with the terms and conditions of the austerity mandates, That same ECB is now looking to raise rates, a proposal which is already working [...]