Big mystery, the headlines are downright ugly..
- German President Christian Wulff has accused the European Central Bank of violating its treaty mandate with the mass purchase of southern European bonds
- Finland threatens to withdraw Greek bailout support
In any case, we know that the ECB cannot buy these bonds indefinitely. Something has to give..
We know that Germany doesn’t want:
- The ECB buying bonds
- An increase in the EFSF, the European emergency fund
- Eurobonds
The problem is, what DO they want?? How do they think to solve the crisis? We wish we had an answer to this..
