Central bankers in the U.S. and the U.K. are no doubt shaking their heads at the reluctance of the European Central Bank to crank up their printing press and buy bonds for the greater good. Here’s the latest from Reuters on the never ending debt crisis across the pond.
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A Reuters poll conducted yesterday indicated an even-money chance that the ECB will print money sooner rather than later, though, that’s not likely if the inflation-wary Germans have their way. Due largely to their little Weimar experience of 90 years ago, the Germans are about the only ones on the planet who still fear something might go terribly wrong down the road if the central bank was given a free hand in solving Europe’s debt troubles.
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