ECB vague promises
The ECB promised to buy Euro members debt.Well, It sound great.Unfortunately in the real world it means passing Euro members debt to the next generation.This include those that has not be born.The west including UK borrow every day with the hope to pay back when the economic grows unfortunately the expected grow economic has been move to China,US and Europe can't grow economic that is base on import from China.
Created on: 2 Aug 2012, 19:41
Last updated on: 2 Aug 2012, 19:44
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