The Phaserl


Bank Of England Warns Greece “Threatens To Trigger Market Selloff That Could Ripple Through The Global Economy”

from Zero Hedge:

When it comes to Europe, Greece lost the blame game, and just like the Ukraine civil war last year, became an unwitting catalyst green lighting Germany’s concession to ECB QE, this time it may be Greece that launches the next step in the ECB’s master plan: not just QE but more QE. This is precisely what Goldman’s Franceso Garzarelli, co-head of macro and markets research, admitted earlier today in an interview on Bloomberg TV, when he said that the ECB “will have to go big” if the situation in Greece worsens and leads to wider peripheral bond yield spreads.

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