The Phaserl


Spain to ‘Challenge German Doctrine on ECB’

by Pater Tenebrarum,

Starved for a Printing Press

Spain’s politicians don’t quite see why the ECB shouldn’t fund their government debt. After all, so they argue, the Fed, the BoE and the BoJ are all doing it, and it ‘works’! Well, maybe it doesn’t actually ‘work’, but no visible harm has come from it, so why not try it?

You may have noticed that we have refrained from using the word ‘yet’ above, as in ‘no visible harm has come from it yet’.

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