[MIL-DOT]

Just released a few minutes ago,on a "rare Sunday night conference call", the European Central Bank announced that it will "actively implement" buying Italian and Spanish bonds, to "halt financial market contagion" ( yeah,right).


http://mobile.reuters.com/article/topNews/idUSTRE7762PE20110807

 

[Declan]

Of course it will. The smoke and mirrors must go on!

 

[Tankspridd]

Now im worried !

ECB dont have the funds needed to halt whats going on in Spain and Italy ( Not to forget Portugal and Cyprus )

And usually when ECB gets involved it ends up bad / ugly

 

[mountainmansurvival]

It is just the european QE program. Nothing more. It is exactly what we've been doing to the tune of trillions, only on a smaller scale . . .well getting larger.

It will kick the can, and enlarge the can at the same time.

 

[Rascals]

I can hear Nero fiddling in the background.

 

[blackkitty]

Now im worried !

ECB dont have the funds needed to halt whats going on in Spain and Italy ( Not to forget Portugal and Cyprus )

And usually when ECB gets involved it ends up bad / ugly

They just print money. Well actually they just add more zeros in their computers nowadays. The ECB are just small timers and new to da game. :